American Equity Investment Life Holding Company (AEL) Shares are Up 6.09%

American Equity Investment Life Holding Company (AEL) : Traders are bullish on American Equity Investment Life Holding Company (AEL) as it has outperformed the S&P 500 by a wide margin of 1.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.09% in the last 1 week, and is up 1.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

American Equity Investment Life Holding Company is up 8.16% in the last 3-month period. Year-to-Date the stock performance stands at -31.09%. The stock has recorded a 20-day Moving Average of 4.55% and the 50-Day Moving Average is 7.18%.

American

American Equity Investment Life Holding Company (NYSE:AEL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.22 and $16.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.56, notching a gain of 0.98% for the day. The total traded volume was 1,064,748 . The stock had closed at $16.40 on the previous day.

Also, Citigroup maintains its view on American Equity Investment Life Holding Company (NYSE:AEL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup lowers the price target from $20 per share to $18 per share on American Equity Investment Life Holding Company. The rating by the firm was issued on July 7, 2016.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Companys business consists primarily of the sale of fixed index and fixed rate annuities. The Companys products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

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