Technically the chart is bullish but we do harbor concerns for the valuation and the fact the stock has now reached the Average Analysts price target of $79.
Analysts will now be forced to review those targets which could lead to downgrades.
Yield 2.4%
Short Interest 4.7%
P/e ration 24 - could be considered high
Company Profile
Ameren Corp. operates as a...
Ameren is doing well, and a 15% earnings surprise last week helps. The utility sector is going to find some renewed interest as investors seek safe harbors to weather this trade war storm. Utilities are great defensive plays because they provide services to an inelastic demand, so they're not affecting by imports or tariffs, and people aren't suddenly going to...
AEE is approaching our first support at 66.99 (horizontal overlap support, 23.6% Fibonacci retracement) and a break below this level might see a strong drop in price to our second support at 62.91 (61.8% Fibonacci extension).
RSI (55) is also approaching support and a break below this level might see a corresponding drop in price.
Before the trade
there will be a bounce form lower point of the channel and the price will go to the upper resistance line
after the trade
you recognize the support and reistance line well
that you should be carefull when seting stop order somethimes the rule of previous high is not enough.
Coming after a 7-month support and succeeding a heavy selling session yesterday with upbeat buying and an RSI pointing almost straight up. Stock hit oversold territory January 10.
Ameren Corporation is an American power company... The company is based in St. Louis, Missouri, serving 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles.
AEE has failed to breach the 54 resistance and has now formed a bearish head and shoulders on weekly. Short with a stop over the right shoulder high, ~53.5. Once we reach 50 we...
Long:
I see 2 reasons to Long - 2 days price was closing above level 49 and we can see triangle based on 49 as resistance side.
So, I bought it with stop-loss 48.9 and target 52.
Will see...
$AEE is displaying far too many things that are worthy of considering a short for 1.5-3 R:R trades;
1) 2 previous days have respected the High-Low 50% fib almost to the cent
2) RSI has been toying with the RSI overbought level several times and is dipping under it once again
3) Price is peeling away from the upper bollinger indicating change of momentum
4) MACD...
even though the profits are not in the put options (sept) it is time for a bounce,
the utilties are a place some find safety for the dividend and the yield , when the bears growl
