15.12.2014 - American Electric Power Company is trying to overcome the resistance

The stock price of American Electric Power Company continued to grow and reached a maximum of about 60.00. At the moment, the quotes are consolidated between the inclined support and resistance level near 59.50. In case of reduction and consolidation below 56.00, we recommend to open short positions with the target near 49.00 and 45.00. This option is unlikely. We expect overcoming the level of 60.00, after which growth will continue with the objectives of 65.00 and 70.00.

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