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SmarTrend Watching for Potential Pullback in Shares of American Eagle Outfitters After 1.16% Gain

By Shiri Gupta

American Eagle Outfitters (NYSE:AEO) traded in a range yesterday that spanned from a low of $19.01 to a high of $19.55. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $19.12 on volume of 2.6 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 American Eagle Outfitters on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.39. Since that recommendation, shares of American Eagle Outfitters have risen 15.5%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of American Eagle Outfitters have traded between a low of $12.78 and a high of $19.55 and are now at $19.09, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.45% lower and 0.01% lower over the past week, respectively.

Keywords: rebounders american eagle outfitters

Ticker(s): AEO