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Actionable news in AEP: AMERICAN ELECTRIC POWER COMPANY Inc,

American Electric Power (AEP) Stock Set to Surge; 10% Upside

NEW YORK (TheStreet) -- American Electric Power (AEP - Get Report) is likely to power higher in the weeks ahead.

In this chart, above, we can see a low at $52 in late June and again in early September giving us a double bottom. AEP is above its rising 50-day simple moving average. The On-Balance-Volume (OBV) line has been in an uptrend since late July.

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The Moving Average Convergence Divergence (MACD) oscillator is rising and is above the zero line. Prices are pushing through their August highs and that opens up a target from the pattern of $65. Not bad.

In this longer-term chart of AEP, we can see a strong uptrend in the price chart and the On-Balance-Volume (OBV) line. The MACD oscillator is rising and prices are above the 40-week moving average.

Separately, TheStreet Ratings team rates AMERICAN ELECTRIC POWER CO as a Buy with a ratings score of...


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