Hey investors, AMERICAN EAGLE OUTFITTERS is in a bullish movement with a large buying volume we see a slowdown. on TIMEFRAME 4 H. AMERICAN EAGLE OUTFITTERS is in bullish continuity See TIMEFRAME 1 min, she goes to next high. We can go above to go to the next higher, which corresponds to the middle of the past sharp drop.
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Potential targets as per resistance levels.
Upgrade helped the stock break above 200ma.
25% short interest could produce a squeeze on earnings.
Indicators bullish
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The past 3-months' pullback seems to confirm the bearish breakout.
RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout.
Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
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...
AEO is rebounding off of a double-bottom. Volume today and yesterday was very high, signifying that there's lots of activity at this price. Risk is ~7%, which is pretty high, but the risk-reward ratio is ~5.5, which is not bad. MACD is showing a sell signal, but RSI and the price movement is showing that it is (hopefully) a good time to buy.
Other analysts are...
