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American Electri (AEP) Crosses Pivot Point Support at $102.07

By James Quinn

Shares of American Electri (NYSE:AEP) opened today below their pivot of $102.53 and have already reached the first level of support at $102.07. Analysts will be watching for a cross of the next downside pivot targets of $101.57 and $100.61.

Over the past year, American Electri has traded in a range of $79.13 to $104.97 and is now at $101.96, 29% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.69% higher over the past week, respectively.

Based on a current price of $101.96, American Electri is currently 27.6% above its average consensus analyst price target of $73.78. American Electri shares have support at the 50-day moving average (MA) of $97.65 and additional support at the 200-day MA of $92.23.

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: pivot alerts american electri

Ticker(s): AEP