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Watch for American Electri to Potentially Pullback After Gaining 1.18% Yesterday

By Amy Schwartz

American Electri (NYSE:AEP) traded in a range yesterday that spanned from a low of $83.20 to a high of $83.96. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $83.61 on volume of 4.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

American Electri share prices have moved between a 52-week high of $83.96 and a 52-week low of $62.71 and are now trading 34% above that low price at $83.96 per share. The 200-day and 50-day moving averages have moved 0.45% higher and 0.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of American Electri on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.92. Since that recommendation, shares of American Electri have risen 9.3%. We continue to monitor AEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders american electri

Ticker(s): AEP