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Watch for American Electri to Potentially Rebound After Falling 1.05% Yesterday

By Amy Schwartz

American Electri (NYSE:AEP) traded in a range yesterday that spanned from a low of $89.30 to a high of $90.48. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $89.50 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of American Electri have traded between a low of $68.92 and a high of $91.99 and are now at $89.57, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for American Electri and will alert subscribers who have AEP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders american electri

Ticker(s): AEP