Ameren Corporation (NYSE:AEE) has risen sharply, recording gains of 4.3% in the past 4 weeks. However, the stock has corrected -1.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 36.60% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $54.08 and the one year low was seen on Jul 23, 2015. The 50-Day Moving Average price is $50.69 and the 200 Day Moving Average price is recorded at $47.69.
The stock has recorded a 20-day Moving Average of 2.29% and the 50-Day Moving Average is 7.36%.
Ameren Corporation (NYSE:AEE): stock turned positive on Friday. Though the stock opened at $52.42, the bulls momentum made the stock top out at $53.18 level for the day. The stock recorded a low of $51.98 and closed the trading day at $53.15, in the green by 0.95%. The total traded volume for the day was 1,782,731. The stock had closed at $52.65 in the previous days trading.
Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Companys subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary, ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24,000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40,000 square miles.