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Look for Shares of Amer Eagle Outf to Potentially Rebound after Yesterday's 1.48% Sell Off

By Amy Schwartz

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $20.60 to a high of $20.99. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $20.72 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 5.3%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Amer Eagle Outf has traded in a range of $17.00 to $29.88 and is now at $20.69, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders amer eagle outf

Ticker(s): AEO