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Amer Eagle Outf Bearish Moving Average Crossover Alert (AEO)

By Shiri Gupta

Today, shares of Amer Eagle Outf (NYSE:AEO) have crossed bearishly below their 10-day moving average of $20.88 on a volume of 902K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Amer Eagle Outf has traded in a range of $17.00 to $29.88 and is now at $20.67, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Amer Eagle Outf on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.95. Since that recommendation, shares of Amer Eagle Outf have risen 5.3%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amer eagle outf

Ticker(s): AEO