user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 451925 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

Buyers Accumulate Shares of American Eagle Outfitters, Up 2.3%

Published on Mon, 03/04/2013 - 11:19
By Peter Chu

American Eagle Outfitters (NYSE:AEO) is a company whose shares are active, trading 2.3% higher to $21.26. The Dow Jones Industrial Average is now trading 0.3% lower to 14,056 and the S&P is trading fractionally lower to 1,517.

Over the past year, American Eagle Outfitters has traded in a range of $14.44 to $23.94 and is now at $21.26, 47% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Potential upside of 16.2% exists for American Eagle Outfitters, based on a current level of $21.26 and analysts' average consensus price target of $24.69. The stock should discover initial support at its 200-day moving average (MA) of $20.66 and subsequent support at its 50-day MA of $20.43.

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.

By Peter Chu