American Eagle Outfitters Bullish Moving Average Crossover Alert (AEO)

Published on Tue, 02/05/2013 - 12:14
By Adrienne Chilton in Moving average crossovers, aeo, american eagle outfitters, moving crosses, nyse:aeo

Today, shares of American Eagle Outfitters (NYSE:AEO) have crossed bullishly above their 10-day moving average of $20.34 on a volume of 680K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

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 has overhead space with shares priced $20.48, or 16.8% below the average consensus analyst price target of $24.61. The stock should find initial resistance at its 50-day moving average (MA) of $20.49 and further resistance at its 200-day MA of $20.50.

American Eagle Outfitters share prices have moved between a 52-week high of $23.94 and a 52-week low of $13.43 and are now trading 52% above that low price at $20.48 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

By Adrienne Chilton
achilton@fnno.com

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