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Breakout For AES Corp (NYSE: AES),

|Includes:The AES Corporation (AES)

March 5, 2013 (by Frank Kollar)

Shares of AES Corp (NYSE: AES) broke above and closed above a rising trend channel that has contained prices since December 2012.

AES Corporation is a Fortune 200 company, providing affordable, sustainable energy to 25 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities.

This breakout should power share prices at least to the $13.00 level over coming weeks.


Chart Courtesy of StockCharts.com

At the $13.00 level, shares will hit resistance as these were the highs reached in the summer of 2012.

However, if AES can close decisively above $13.00, we could easily see a continued rally all the way to $14.00 a share.

The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does have a position in AES Corp.

Disclosure: I am long AES.

Stocks: AES