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Downgrade Alert for American Eagle Outfitters (AEO)

By David Diaz

American Eagle Outfitters (NYSE:AEO) was downgraded from Outperform to Peer Perform at Wolfe Research today. The stock closed yesterday at $18.36 on volume of 6.6 million shares, above average daily volume of 4.9 million.

There is potential upside of 5.6% for shares of American Eagle Outfitters based on a current price of $18.36 and an average consensus analyst price target of $19.38. The stock should find initial support at its 200-day moving average (MA) of $15.75 and further support at its 50-day MA of $15.74.

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.

In the past 52 weeks, shares of American Eagle Outfitters have traded between a low of $12.78 and a high of $19.55 and closed yesterday at $18.36, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

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