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lollerfirst

AEP: Classic range bound play

Short
American Electric Power Company, Inc. (NASDAQ:AEP)  
lollerfirst Updated   
NASDAQ:AEP   American Electric Power Company, Inc.
Technical Indicators
2
0
indicator
AEP has been trapped in a range for quite some time and there is little reason to think it will break it. The bollinger bands set to 80 are really good to find the best entry for this kind of play. Ideally one could enter a short here (i use CFDs with no commissions) and exit on the basis (the middle line between the bands).
Trade closed: stop reached
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