Short term view - AMERICAN ELEC. POWER : Without trend
The trend remains neutral. Prices will have to break above the peak at $69.20 for the trend to be positive again with an invalidation level below $66.20.Arguments :
- Prices are breaking above the moving average.
- The reaction at the resistance is weak, we anticipate its break soon.
American Electric Power Company is a public utility holding company. The public utility subsidiaries of the company provide electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. The service areas of the company's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Transmission networks are interconnected with distribution facilities in the territories served. The company's service company subsidiary provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services.
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