Ameriprise Financial Inc. Stock Code AMP.NYS
Outlook
Price broke above the cloud two days ago in a strong candlestick, which could be a hint of a possible bullish price trend ahead. In the previous trading session, price managed to close above the cloud, keeping the uptrend intact. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is turning bullish and is hinting of a bullish price trend ahead. If price is able to stay above the cloud at $252.70, it could be heading towards the next resistance and previous high at $270.
Strategy
$257.30 Buy
$270.00 Price Target
$252.30 Risk Management Stop
3 weeks Trade Duration
