It feels great to find a stock that is holding its own when most stocks are sinking. It's like a mini-discovery. So, check out Ameren Corp. (AEE).
The chart of AEE, above, is not exceptional on its own, but when compared to any of the major averages right now, its relative strength becomes impressive. The first thing to note about this chart is that it has traded sideways in a tight range, ignoring the outside world. The On-Balance-Volume (OBV) line has been rising since June and July and remains positive. The 200-day moving average has a positive slope and the Moving Average Convergence Divergence (MACD) oscillator is neutral.
The longer-term chart of AEE, above, is positive with prices above the 40-week moving average. A rising OBV line and a positive MACD oscillator above the zero line adds to the bullish outlook. Bottom line: AEE looks like a name that should be on your shopping list.
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The lack of opportunity for growth in this sector may just be its biggest strength right now.
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