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SmarTrend Watching for Potential Rebound in Shares of Amer Eagle Outf After 2.13% Loss

By David Diaz

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $14.65 to a high of $15.07. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $15.04 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Amer Eagle Outf have traded between the current low of $14.70 and a high of $29.88 and are now at $14.73. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amer Eagle Outf on May 10th, 2019 by issuing a Downtrend alert when the shares were trading at $21.76. Since that call, shares of Amer Eagle Outf have fallen 30.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders amer eagle outf

Ticker(s): AEO