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Look for Shares of Amer Eagle Outf to Potentially Rebound after Yesterday's 5.68% Sell Off

By David Diaz

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $22.40 to a high of $23.86. Yesterday, the shares fell 5.7%, which took the trading range below the 3-day low of $23.56 on volume of 4.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Amer Eagle Outf share prices have moved between a 52-week high of $25.77 and a 52-week low of $10.23 and are now trading 120% above that low price at $22.51 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Amer Eagle Outf and will alert subscribers who have AEO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders amer eagle outf

Ticker(s): AEO