How the price action of American Electric Power (AEP) is used to our Advantage

July 19, 2021, 14:45 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  American Electric Power (NYSE: AEP) data table below can help you with price action, and we have more details too. Trading plans for AEP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for AEP

• Buy AEP slightly over 84.44 target 89.20 stop loss @ 84.2 Details

The technical summary data tells us to buy AEP near 84.44 with an upside target of 89.20. This data also tells us to set a stop loss @ 84.2 to protect against excessive loss in case the stock begins to move against the trade. 84.44 is the first level of support below 85.25 , and by rule, any test of support is a buy signal. In this case, support 84.44 is being tested, a buy signal would exist.

• Short AEP under 89.20, target 84.44, stop loss @ 89.46 Details

The technical summary data is suggesting a short of AEP as it gets near 89.20 with a downside target of 84.44. We should have a stop loss in place at 89.46though. 89.20 is the first level of resistance above 85.25, and by rule, any test of resistance is a short signal. In this case, if resistance 89.20 is being tested, a short signal would exist.

Swing Trading Plans for AEP

• Buy AEP slightly over 86.02, target 87.40, Stop Loss @ 85.77 Details

If 86.02 begins to break higher, the technical summary data tells us to buy AEP just slightly over 86.02, with an upside target of 87.40. The data also tells us to set a stop loss @ 85.77 in case the stock turns against the trade. 86.02 is the first level of resistance above 85.25, and by rule, any break above resistance is a buy signal. In this case, 86.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AEP near 86.02, target 84.44, Stop Loss @ 86.27. Details

The technical summary data is suggesting a short of AEP if it tests 86.02 with a downside target of 84.44. We should have a stop loss in place at 86.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 86.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AEP

• Buy AEP slightly over 86.02, target 87.40, Stop Loss @ 85.82 Details

If 86.02 begins to break higher, the technical summary data tells us to buy AEP just slightly over 86.02, with an upside target of 87.40. The data also tells us to set a stop loss @ 85.82 in case the stock turns against the trade. 86.02 is the first level of resistance above 85.25, and by rule, any break above resistance is a buy signal. In this case, 86.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AEP near 86.02, target 84.44, Stop Loss @ 86.22. Details

The technical summary data is suggesting a short of AEP if it tests 86.02 with a downside target of 84.44. We should have a stop loss in place at 86.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 86.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AEP Ratings for July 19:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	79.82
P2	87.34	86.02	84.44
P3	88.08	87.40	89.20

Support and Resistance Plot Chart for AEP

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