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Watch for Amer Eagle Outf to Potentially Pullback After Gaining 3.08% Yesterday

By James Quinn

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $26.40 to a high of $27.56. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $27.04 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Amer Eagle Outf share prices have moved between a 52-week high of $27.56 and a 52-week low of $10.23 and are now trading 168% above that low price at $27.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.3%.

SmarTrend recommended that subscribers consider buying shares of Amer Eagle Outf on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.79. Since that recommendation, shares of Amer Eagle Outf have risen 41.8%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amer eagle outf

Ticker(s): AEO