Ameriprise Financial, Inc., through its subsidiaries, provides
various financial products and services to individual and institutional
clients in the United States and internationally. The company’s Advice
& Wealth Management segment provides financial planning and advice,
as well as full-service brokerage services primarily to retail clients
through its advisors. Its Asset Management segment offers investment
advice and investment products to retail, high net worth, and
institutional clients through unaffiliated third party financial
institutions and institutional sales force. The company’s Annuities
segment provides variable and fixed annuity products to individual
clients through affiliated and unaffiliated advisors, and financial
institutions. Its Protection segment offers various products to address
the protection and risk management needs of retail clients, including
life, disability income, and property casualty insurance through
advisors and affinity relationships.
Take a look at the 1-year chart of Ameriprise (NYSE: AMP) with the added notations:
AMP has been trading mostly sideways for all of 2015. Along the way,
the stock has found support at $120 (green) several times. Now that the
stock appears to be falling back down to that support level again,
traders could expect some sort of bounce. However, if the $120 support
were to break, lower prices should follow.
The Tale of the Tape: AMP has an important level of
support at $120. A trader could enter a long position at $120 with a
stop placed under the level. If the stock were to break below the
support a short position could be entered instead.
