American Equity Investment Upward Momentum Looks to Continue (AEL)
SmarTrend identified an Uptrend for American Equity Investment (NYSE: AEL) on October 16, 2009 at $7.87. In approximately 5 months, American Equity Investment has returned 25% as of today's recent price of $9.84.
American Equity Investment is currently above its 50-day moving average of $7.72 and above its 200-day moving average of $7.11. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of American Equity Investment shares.
Write to Chip Brian at cbrian@tradethetrend.com
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