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Watch for Shares of Aes Corp (AES) to Approach Support at $12.17

By Shiri Gupta

Shares of Aes Corp (NYSE:AES) have bearishly opened below the pivot of $12.29 today and have reached the first support level of $12.23. Should the shares continue to fall, the support pivots of $12.17 and $12.05 will be of interest.

Aes Corp share prices have moved between a 52-week high of $13.32 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.4%.

Potential upside of 0.0% exists for Aes Corp, based on a current level of $0.00 and analysts' average consensus price target of $12.58. The stock should run into initial resistance at its 200-day moving average (MA) of $10.59 and subsequent resistance at its 50-day MA of $11.07.

SmarTrend recommended that subscribers consider buying shares of Aes Corp on March 29th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.29. Since that recommendation, shares of Aes Corp have risen 9.0%. We continue to monitor AES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts aes corp

Ticker(s): AES