Descending Triangle at 78.6% retracement of AEO's 2007 high-2009 low range; Broken at 18, measured move targets support cluster near 14.
@ 17.00 Strike at Market if Price <= 17.68 will put PL @ 17.13
While I currently would not enter short, if we break out of this pennant with decent volume, then I would go short. Target is 18.10. Stop is 19.54. StocksnCash.wordpress.com
AEO looks good for next week based on stochastics turning up - very range bound. I see a conservative upside of $19.76. Stop at $17.96.
The price out performed today against the group and the sector over all was the best. FYI the company will report March 6, 2013. This bullish pattern has a measured move of 21% upside from today's close. Price closed today 14% below its 52-week high and the chance to print a new 52-week high has increased lately. If you decide to take a long position, please, make...