SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of AES (AES)
SmarTrend identified a Downtrend for AES (NYSE: AES) on October 28, 2009 at $13.25. In approximately 4 months, AES has returned 13.5% as of today's recent price of $11.46.
AES is currently below its 50-day moving average of $12.78 and below its 200-day moving average of $12.81. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of AES.
Write to Chip Brian at cbrian@tradethetrend.com
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