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Shares of Amer Eagle Outf Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Amer Eagle Outf (NYSE:AEO) traded at a new 52-week high today of $22.10. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.

Amer Eagle Outf (NYSE:AEO) is currently priced 10.3% above its average consensus analyst price target of $19.80. The stock should find initial support at its 50-day moving average (MA) of $17.30 and further support at its 200-day MA of $16.80.

In the past 52 weeks, shares of Amer Eagle Outf have traded between a low of $10.23 and a high of $22.10 and are now at $22.07, which is 116% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.52% lower over the past week, respectively.

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.

SmarTrend recommended that subscribers consider buying shares of Amer Eagle Outf on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.79. Since that recommendation, shares of Amer Eagle Outf have risen 15.2%. 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 amer eagle outf

Ticker(s): AEO