AES Makes Bullish Cross Above Critical Moving Average
In trading on Thursday, shares of AES Corp. (Symbol: AES) crossed above their 200 day moving average of $11.14, changing hands as high as $11.95 per share. AES Corp. shares are currently trading up about 9.5% on the day. The chart below shows the one year performance of AES shares, versus its 200 day moving average:
Looking at the chart above, AES’s low point in its 52 week range is $10 per share, with $12.05 as the 52 week high point – that compares with a last trade of $11.77. According to the ETF Finder at ETF Channel, AES makes up 3.79% of the Guggenheim S&P 500 Equal Weight Utilities ETF (Symbol: RYU) which is trading lower by about 0.1% on the day Thursday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.