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Americaneagleoutfitters

$AEO adam and eve bottom, target $15+American Eagle Outfitters formed an adam and eve bottom chart pattern and has now broken through resistance at $12.33 and retested it as support. The next level it needs to break to the upside is $13.46. If it can break above that level, then the next resistance is at the $15.49 level which is also the 50% retracement from the highs. That would make for a great short term target. However, I've marked off resistance above that just incase the move continues to run. Let's see how it plays out.
NYSE:AEOLong
by benjihyam
Rare Buying Opportunity for AEOThis 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 population was unemployed, and there is no reason to believe that economic circumstances are worse now than in the Great Recession, such as to expect the 25-year trend to end. Similar to VFC , this is another high dividend stock that is sitting in a relatively rare buying zone. Based on my charting analysis, I believe that this stock will likely end 2022 about 25% higher than the current price. So based on the charts, I expect to get about a 25% return on investment in addition to a 5% dividend by the end of the year. Not financial advice. As always nothing is ever guaranteed. Trends can end.
NYSE:AEOLong
by SpyMasterTrades