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Amer Eagle Outf Rises 1.19% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $22.04 to a high of $22.17. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $22.08 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 9.2%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Amer Eagle Outf share prices have moved between a 52-week high of $29.88 and a 52-week low of $17.00 and are now trading 30% above that low price at $22.04 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders amer eagle outf

Ticker(s): AEO