American Electric Power (AEP) NewsBite - AEP Inititated At Outperform
Jun 30, 2009 (Fresh Brewed Media via COMTEX) --
Company: American Electric Power Company, Inc.
(AEP)
American Electric Power (NYSE: AEP) opened at $29.02. So far today, the stock has hit a low of $28.45 and a high of $29.16. AEP is now trading at $28.73, down $0.31 (-1.07%). Over the last 52 weeks the stock has ranged from a low of $24.00 to a high of $41.60. AEP was initiated Outperform this morning by analysts at Oppenheimer with a $32 price target. Technical indicators for the stock are bullish and S&P gives AEP a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AEP the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 25 range.
ABR-Seven Summits Strategic Investments NewsBite
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News Provided by COMTEX
Company: American Electric Power Company, Inc.
(AEP)
Related terms: nyse, S&P
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