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Bearish Moving Average Cross by Amer Eagle Outf (AEO)

By James Quinn

Today, shares of Amer Eagle Outf (NYSE:AEO) have crossed bearishly below their 10-day moving average of $17.74 on a volume of 677K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Amer Eagle Outf have traded between a low of $16.31 and a high of $29.88 and are now at $17.54, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amer Eagle Outf on May 10th, 2019 by issuing a Downtrend alert when the shares were trading at $21.76. Since that call, shares of Amer Eagle Outf have fallen 17.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amer eagle outf

Ticker(s): AEO