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Upgrade Alert for American Eagle Outfitters (AEO)

By Nick Russo

American Eagle Outfitters (NYSE:AEO) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $19.37 on volume of 7.2 million shares, above average daily volume of 4.9 million.

Over the past year, American Eagle Outfitters has traded in a range of $12.78 to $19.12 and closed yesterday at $19.37, 52% above that low. 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.

There is potential upside of 0.1% for shares of American Eagle Outfitters based on a current price of $19.37 and an average consensus analyst price target of $19.38. The stock should discover initial support at its 200-day moving average (MA) of $15.75 and subsequent support at its 50-day MA of $15.74.

SmarTrend recommended that subscribers consider buying shares of American Eagle Outfitters on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.39. Since that recommendation, shares of American Eagle Outfitters have risen 15.5%. We continue to monitor AEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades american eagle outfitters

Ticker(s): AEO