jeffyanzo
Short

AEO American Eagle Outfitters Short Opportunity

NYSE:AEO   AMERICAN EAGLE OUTFITTERS INC
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2
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After being a holder for years of AEO , I recently sold for a gain and have been keeping a close eye still.

AEO is about to hit a fib. line of .786 at or around 26.88 price. Yes, it may climb higher, but the recent trend has been to drop steep after hitting a mark.

Monitor and watch for a possible short soon by October at the latest.
Comment:

As we draw closer to the .786 fib line, I added in the weekly chart line dating back from 2009 to see if I want to adjust my short buy in.

Thoughts?
Comment: We are getting extremely close to our enter target. Be on the watch, still looks like a great spot to short at the price of $26.88
Trade active: SHORT Began today @ $26.88
Stop/Loss @ $29.03

Target: $19.46
Comment: Target $22.51 - read chart wrong....make it happen
Trade closed: stop reached: take the loss and move on
This would've turned into a great trade!
Reply
jeffyanzo gingerheadtrader
@gingerheadtrader, yup
I got stopped out too early, and then it tanked. lol win some lose some. Thanks for commenting and viewing!
Reply
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