Analysis Summary For American Electric Power (AEP)
Analysis Date: August 11th, 2023
Time Target: September 28th, 2023 (+/- 5 trading days)
Price Target: $75 (+/- $5)
Projected Move: 90% gain by January, 2025 (~16 months)
Our work shows that AEP will experience about 90% gain between September of 2023 and January of 2025.
Trading Recommendation:
A long position should be put around $75 (+/- $3) where we expect a mid-term bottom on or near September 28th, 2023. A stop loss should be placed at $65. If AEP drops below $65, the overall forecast will fail. About 90% increase should follow within 16 months into January of 2025.
There are going to be more exact time and price projections for the top as we approach January of 2025.
