The AES Corp Stock Code AES.NYS
Price broke above the cloud two trading sessions ago and in the previous trading session; we saw a continuation of the rally, confirming the new bullish price trend. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous price high at $25.82 in the next 2-3 weeks.
$25.80 Price Target
$21.90 Risk Management Stop
3 weeks Trade Duration