American Electric Power (AEP) has moved up nicely in recent days as war in the Middle East puts pressure on long-term bond yields. This is exactly the kind of bounce we wanted.
However, with the stock near a key resistance level, I think we’ve gotten all we can from AEP for the time being. Let’s take our profit off the table before the market gets a chance to take it away.
Sell AEP and get ready for more.