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Watch for Shares of Aes Corp (AES) to Approach Support at $14.17

By David Diaz

Aes Corp (NYSE:AES) has opened bearishly below the pivot of $14.76 today and has reached the first level of support at $14.52. Investors may be interested in a cross of the next downside pivot targets of $14.17 and $13.58.

Aes Corp (NYSE:AES) defies analysts with a current price ($14.77) 12.0% above its average consensus price target of $13.00. Aes Corp shares should first meet resistance at the 50-day moving average (MA) of $16.49 and find additional resistance at the 200-day MA of $17.15.

In the past 52 weeks, Aes Corp share prices have been bracketed by a low of $8.11 and a high of $21.23 and are now at $14.77, 82% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 2.34% lower over the past week, respectively.

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

Keywords: pivot alerts aes corp

Ticker(s): AES