Reasons for bullish bias: - Basic DOW theory - Positive earnings - No divergence Entry Level(CMP): 23 Stop Loss Level: 19.45 Take Profit Level 1: 26.55 Take Profit Level 2: Open
I think that AEO is one of the most overlooked stocks right now. Elliot wave analysis suggests that the year long correction is over and we are on the brinks of starting a new motive wave. We clearly saw a breakout out of the falling wedge on friday, and that's BULLISH. Not only that, but AEO is a company that actually makes money. Above all that, AEO is a highly...
This monthly chart for American Eagle Outfitters ( AEO ) shows a clear non-logarithmic trend line that has continued throughout the history of the company's existence on the exchange (except briefly during COVID lockdowns). The green shaded area is a definite buy area for long-term investors. This linear trend held up during the Great Recession when 10% of the...
Break Below $33.27 Target $26.75 Stop: $35.35 H/S pattern , Earnings AUG 25 ,Recent insider sales, Divergent TMF
LIKE I SAID...USUALLY ENDS VERY BAD FOR THE PATTERN IF IT BREAKS ABOVE.
I'M STILL SHORT ( OPTIONS ) BUT WHAT A RALLY....NOW, ANYTIME AN ASSET BREAKS AN UPWARDS SUPPLY LINE LIKE THIS IT USUALLY HAS DRASTIC CONSEQUENCES AND FALLS THRU THE PATTERN ... CURIOUS TO SEE WHAT HAPPENS NOW.
BACK TESTING COMPLETE ? LET'S SEE IF IT FINALLY DROPS LIKE A ROCK.
BREAKOUT OF WEDGE WITH HIDDEN BULLISH DIVERGENCE. BACKTEST COMPLETE. COULD BE LOW RISK ENTRY MONDAY FOR LONG POSITION
Even though it makes no goddamn sense AEO has been rallying lately, albeit with quite a bit of chop. Maybe people are getting more optimistic about AE's ability to come back from the 'Rona, who knows, but at any rate you could potentially position to take advantage of this trend by purchasing $9.50 calls. If the stock continues to mean revert back to its 200DMA,...
My positive view: 1) AEO is well positioned as one of the most 'inclusive' brands to outperform peers 2) consistently solid comps (+2%, 20th consecutive quarter of growth) and healthy fundamentals (ample liquidity and little debt), which underscores strength of leading brands and the company's ability to expand footprint (+70 in FY 21) and capture share from...
American eagle dropped 16.49% today, that's nuts... GLHF, trade at your own risk!
Very easy chart on the eyes. Predictability to follow this channel is very high IMO. Support from the lower line on channel already tested and confirmed. Might be worth a long position at this point in time.
$AEO has a multiple bottom in place and is on the verge of breaking out of the downtrend line. With the stock trading at just 9.7x earnings, there's been talk of M&A happening in the beaten-down retail space. Citi sees M&A optionality with Abercrombie & Fitch (NYSE:ANF). The firm thinks Amazon (NASDAQ:AMZN) should take a look at an acquisition or a merger with...
American Eagle oversold, and the accelaration in the stock is not justified (in my opinion). They are on the pace of gaining market share from VS and continue to grow. I believe pace of sell off was just too steep. Based on recent high frequency economic data and Jerome Powell's comments, consumer spending is solid and US retail sales are good, I believe close to...
AEO looks weak to me, the daily chart is broken, its below all its daily moving averages of 20,50,100,200 sma. its made lower relative highs and lower lows, catching support at 17.02. I would short it today if it shows good volume, a weak premarket pattern with lower lows and lower highs, profit target being the 17.02 support area.
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.