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Shares of AES Down 3.9% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Aes Corp (NYSE:AES) on April 30th, 2019 at $17.04. In approximately 3 weeks, Aes Corp has returned 3.90% as of today's recent price of $16.37.

Over the past year, Aes Corp has traded in a range of $11.94 to $18.52 and is now at $16.44, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.

The AES Corporation acquires, develops, owns, and operates generation plants and distribution businesses in several countries. The Company sells electricity under long term contracts and serves customers under its regulated utility businesses. AES also mines coal, turns seawater into drinking water, and develops alternative sources of energy.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Aes Corp.

Log in and add Aes Corp (AES) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights aes corp

Ticker(s): AES