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AEP Trendline Break

Long
American Electric Power Company, Inc. (NASDAQ:AEP)  
TechnicallyCorrect  
NASDAQ:AEP   American Electric Power Company, Inc.
Chart Patterns Technical Indicators Trend Analysis AEP americanelectric riskreward tradesetup Daily Charts Trend Line Break
2
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chartpattern indicator trendanalysis aep americanelectric riskreward tradesetup daily trendlinebreak
AEP had a nice trendline break on Thursday followed by a retracement bar giving the perfect opportunity for a trade entry.

Entry above Friday's high at 85.68

Profit target is just under the high on 4/20/21 at 90.52

Stop loss under Friday's low at 84.74

Risk/Reward ratio is 5.15

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