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SmarTrend Watching for Potential Pullback in Shares of American Eagle Outfitters After 1.41% Gain

By James Quinn

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.

In the past 52 weeks, American Eagle Outfitters share prices have been bracketed by a low of $12.78 and a high of $18.49 and are now at $14.10, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

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.

Keywords: rebounders american eagle outfitters

Ticker(s): AEO