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Watch for American Electri to Potentially Pullback After Gaining 1.38% Yesterday

By James Quinn

American Electri (NYSE:AEP) traded in a range yesterday that spanned from a low of $95.52 to a high of $95.96. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $95.10 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of American Electri on November 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.11. Since that recommendation, shares of American Electri have risen 4.3%. We continue to monitor AEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, American Electri has traded in a range of $72.95 to $96.22 and is now at $96.03, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders american electri

Ticker(s): AEP