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Watch for Amer Eagle Outf to Potentially Rebound After Falling 1.48% Yesterday

By James Quinn

Amer Eagle Outf (NYSE:AEO) traded in a range yesterday that spanned from a low of $20.60 to a high of $20.99. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $20.72 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Amer Eagle Outf on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.95. Since that recommendation, shares of Amer Eagle Outf have risen 5.3%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Amer Eagle Outf has traded in a range of $17.00 to $29.88 and is now at $20.69, 22% above that low. The 200-day and 50-day moving averages have moved 0.13% lower and 0.74% higher over the past week, respectively.

Keywords: rebounders amer eagle outf

Ticker(s): AEO