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Recent 52-Week High Exceeded in Shares of American Eagle Outfitters (AEO)

By David Diaz

American Eagle Outfitters (NYSE:AEO) traded today at a new 52-week high of $19.12. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 4.9 million shares.

Potential upside of 2.3% exists for American Eagle Outfitters, based on a current level of $18.94 and analysts' average consensus price target of $19.38. The stock should find initial support at its 200-day moving average (MA) of $15.75 and further support at its 50-day MA of $15.74.

American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories. The Company's products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.

In the past 52 weeks, shares of American Eagle Outfitters have traded between a low of $12.78 and a high of $19.12 and are now at $18.94, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of American Eagle Outfitters on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.39. Since that recommendation, shares of American Eagle Outfitters have risen 9.7%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american eagle outfitters

Ticker(s): AEO