AEL Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of American Equity Investment Life Holding Co ( AEL) crossed below their last reported book value — defined as common shareholder equity per share — of $21.55, changing hands as low as $21.41 per share. American Equity Investment Life Holding Co shares are currently trading down about 0.7% on the day. The chart below shows the one year performance of AEL shares, versus its 50 and 200 day moving averages:

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American Equity Investment Life Holding Co Moving Averages Chart

Looking at the chart above, AEL's low point in its 52 week range is $13.53 per share, with $26.46 as the 52 week high point — that compares with a last trade of $21.55.

According to the ETF Finder at ETF Channel, AEL makes up 1.09% of the DWA Financial Momentum Portfolio ETF ( PFI) which is trading higher by about 0.1% on the day Tuesday.

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