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Bullish Moving Average Cross by American Eagle Outfitters (AEO)

By Nick Russo

Today, shares of American Eagle Outfitters (NYSE:AEO) have advanced above their 10-day MA of $13.44 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of American Eagle Outfitters have traded between a low of $12.78 and a high of $19.55 and are now at $13.58, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of American Eagle Outfitters on November 30th, 2016 by issuing a Downtrend alert when the shares were trading at $16.51. Since that call, shares of American Eagle Outfitters have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses american eagle outfitters

Ticker(s): AEO