Look for Shares of American Eagle Outfitters to Potentially Pullback after Yesterday's 1.41% Rise
American Eagle Outfitters (NYSE:AEO) traded in a range yesterday that spanned from a low of $13.84 to a high of $14.18. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $14.16 on volume of 3.2 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 its subscribers protect gains by selling shares of American Eagle Outfitters on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $14.39. Since that call, shares of American Eagle Outfitters have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
American Eagle Outfitters share prices have moved between a 52-week high of $18.49 and a 52-week low of $12.78 and are now trading 10% above that low price at $14.10 per share. The 200-day and 50-day moving averages have moved 0.45% lower and 0.01% lower over the past week, respectively.
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