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American Electri: The Losing Streak Continues (AEP)

By David Diaz

Shares of American Electri (NYSE:AEP) traded today at $68.21, breaking its 52-week low. This new low was reached on below average trading volume as 273,000 shares traded hands, while the average 30-day volume is approximately 4 million shares.

In the past 52 weeks, American Electri share prices have been bracketed by a current low of $68.21 and a high of $104.97 and are now at $69.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

American Electri (NYSE:AEP) has potential upside of 6.9% based on a current price of $69.00 and analysts' consensus price target of $73.78. The stock should run into initial resistance at its 200-day moving average (MA) of $92.82 and subsequent resistance at its 50-day MA of $96.98.

American Electric Power Company, Inc. (AEP) operates as a public utility holding company. The Company generates, transmits, distributes, and sells electricity to residential and commercial customers. AEP serves customers in the United States.

SmarTrend is monitoring the recent change of momentum in American Electri. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Electri in search of a potential trend change.

Keywords: 52 week high/lows american electri

Ticker(s): AEP