American Electric's most recent trend suggests a bearish bias. One trading opportunity on American Electric is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 11.94% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $6.70 would be incurred if the stock rose above the $105.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for American Electric is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for American Electric is bearish.
The RSI indicator is at 34.63 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for American Electric
AEP Named a 2020 Women on Boards Winning Company
Mon, 09 Mar 2020 17:43:00 +0000
American Electric Power (NYSE: AEP) has been recognized by 2020 Women on Boards as a Winning "W" Company for the third consecutive year. The recognition is given to Russell 3000 companies whose boards have 20% or more seats held by women. AEP's 14-member board includes four women, or 28%.
The Charts of American Electric Power Could Stabilize Soon
Mon, 09 Mar 2020 16:25:00 +0000
For his final “Executive Decision” segment of Mad Money Friday evening, Jim Cramer checked back in with Nick Akins, chairman, president and CEO of American Electric Power , the utility that yields nearly 2.9%. Akins said that AEP remains a strong, consistent company that continues to invest and added that as our economy continues to electrify, they're seeing growth across the board from transportation and manufacturing, oil and gas, hospitals, education and more. When asked whether demand would fall if everyone worked from home due to the coronavirus, Akins said that since margins are higher for residential usage, they'd actually do better if that were to happen.
Columbus Southern Power Company — Moody's revises outlook for Ohio Power Company to negative
Fri, 06 Mar 2020 16:38:11 +0000
Moody's Investors Service (“Moody's”) revised the outlook for Ohio Power Company (Ohio Power, A2) to negative from stable and affirmed its existing ratings. Ohio Power is a transmission and distribution utility subsidiary of American Electric Power Company, Inc. (“AEP”, Baa1 negative). “The negative outlook for Ohio Power is driven by Moody's view that the company's financial profile is weakening as it executes an elevated capital expenditure program while its cash flows are no longer being supplemented by commission approved transition riders” said Laura Schumacher, Vice President – Senior Credit Officer.
CORRECTED-Debt sales make a comeback after coronavirus shutdown
Wed, 04 Mar 2020 07:00:00 +0000
Issuers sold 5.25 billion euros on Europe's debt capital markets on Tuesday, a day after stocks rallied strongly on hopes of central bank support. UK analytics company Relx raised 2 billion euros of four, eight and 12-year bonds, while U.S. industrial conglomerate Honeywell International, which recently saw a surge in demand for its protective face masks, priced 1 billion euros of four and 12-year bonds.
The Zacks Analyst Blog Highlights: Johnson & Johnson, Morgan Stanley, Sinopec, American Electric Power and Kinder Morgan
Wed, 26 Feb 2020 14:12:03 +0000
The Zacks Analyst Blog Highlights: Johnson & Johnson, Morgan Stanley, Sinopec, American Electric Power and Kinder Morgan
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