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Watch for Amer Eagle Outf to Potentially Pullback After Gaining 1.96% Yesterday

By Amy Schwartz

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $11.73 to a high of $12.10. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $11.95 on volume of 1.4 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 Amer Eagle Outf on November 30th, 2016 by issuing a Downtrend alert when the shares were trading at $16.51. Since that call, shares of Amer Eagle Outf have fallen 28.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Amer Eagle Outf share prices have moved between a 52-week high of $19.55 and a 52-week low of $10.56 and are now trading 13% above that low price at $11.96 per share. The 200-day and 50-day moving averages have moved 0.03% higher and 0.52% lower over the past week, respectively.

Keywords: rebounders amer eagle outf

Ticker(s): AEO