Reading AES Corporation’s Chart Indicators
AES Corporation (AES) stock rose nearly 3% after the Fed announced a rate hike on March 15, 2017. However, the stock appears to be weak as it is currently trading 2% and 5% below its 50-DMA (day moving average) and 200-DMA, respectively. Both levels may act as resistance in the short term.
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Relative strength index
AES’s RSI (relative strength index) score is 51. To learn how utilities (XLU) reacted after the Fed hiked interest rates, read What’s Ahead for Utilities as Fed Raises Rates for Third Time?