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Downgrade Alert for American Eagle Outfitters (AEO)

By David Diaz

American Eagle Outfitters (NYSE:AEO) was downgraded from Outperform to Market Perform at BlueFin today. The stock closed yesterday at $16.40 on volume of 6.6 million shares, above average daily volume of 4.9 million.

In the past 52 weeks, American Eagle Outfitters share prices have been bracketed by a low of $12.78 and a high of $19.55 and closed yesterday at $16.40, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories. The Company's products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.

American Eagle Outfitters (NYSE:AEO) has potential upside of 18.2% based on a current price of $16.40 and analysts' consensus price target of $19.38. American Eagle Outfitters shares have support at the 200-day moving average (MA) of $15.75 and additional support at the 50-day MA of $15.74.

SmarTrend is monitoring the recent change of momentum in American Eagle Outfitters. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Eagle Outfitters in search of a potential trend change.

Keywords: analyst upgrades/downgrades american eagle outfitters

Ticker(s): AEO