Sydney Sweeney and American EagleWe had an outbreak on the internet.
Jeans or genes?
A seemingly outlandish debate regarding a seemingly insignificant commercial during a time NYSE:AEO is at its historical low in recent years.
Now #Trump is appraising #Sydney after he learned that she is a registered Republican.
Coincidence? I think not.
Here is what I think how it happened:
NYSE:AEO management team looked at their stock price, and went "huh. we gotta do something about this. Our company is failing". What's the secret to a success retail store?
Exposure. Attention. Publicity.
What could be better than the cultural slash between Woke movement and its counterpart? NONE.
For whatever backlash it has, it's one of the most successful marketing campaign for retailers this year. Now almost everybody is talking about it. Whether you have visited an NYSE:AEO store or not, now it is the first one on your mind when you think of clothing companies.
And for those up against NYSE:AEO , they don't appear to me as the target audience to $AEO.
Internet fuzz like this cannot be understimated, especially for a company with around $1B market cap.
AEO trade ideas
American Eagle Oufitters - Bottoming outNYSE:AEO saw a strong bullish reversal from the bottom and with the 15% jumped on Monday, the stock has briefly broken above the resistance line at US$13.02. Given the strong momentum, AEO will likely confirmed the double bottom and reached US$20.00.
Momentum:
Long-term MACD has performed a crossover at the bottom and histogram is positive. Stochastic has confirmed the oversold crossover and 23-period ROC is rising and stay positive on the high note. Volume spikes upon break out
$AEO Can Sydney Sweeney Get This Moving?NYSE:AEO – I have made some quick cash on this stock. (I have no position right now)
I may take another trade on it again but, that AVWAP from the all-time high, only about 18 months ago, shows that there are a lot of shareholders underwater looking to get out (overhead supply). Sydney Sweeney is going to have to help them sell a lot of jeans quickly to make this a legit leading stock.
Right now it seems for this to get goin, it needs a ton of volume as a meme stock in the short term. Which may make it a good day or shorter term swing trade. All TBD.
I am intrigued by this one so I am keeping a close eye on it.
Thanks for looking.
American Eagle - Head and Shoulders Top - Selling opportunity Head and shoulders Top
A selling signal pattern.
Option 1: To wait for price to close below the support line. Then short the stock. Stop loss when the price close above the support line.
Take profit: As you deemed fit
Stop loss: Close trade when the price closes above the "support" line.
(Potential Trade) AEO(11 May 2024)
Watching AEO as a potential breakout trade.
Potential Entry: $25.15
Initial S/L: $ 22.14
Counter has appear to have completed Subminuette Wave iv as a Flat correction from its Subminuette Wave iii High at $26.44
Look to play the breakout trade as soon as it triggers the $25.15 high
Trade will be voided if prices break down in the opposite direction instead
AEO - BullishAmerican Eagle Outfitters (AEO) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items. As the chart shows it has room to reach 17$ and 18.10$. with major hurdle at 15.86$. Potential return is between 11 - 17.8%
Big moves ahead of AEO. Year long correction is over.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 shorted stock with 23% of the free float shorted. Also, SPY is bound to rally into a corrective leg, short term is looking BRIGHT for AEO. NFA.
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.
Falling wedge patternA beautiful falling wedge appeared on the weekly chart. Normally, this is a bullish pattern. Combining it with the indicators, also with the price movements, then we get a bullish outlook. MACD indicator just painted a bullish divergence with higher lows on the indicator and lower lows on the chart. Besides that, we retested Dec 13. lows and it failed to sink below.
Support-Stop: 21,97
Resistance: 25,68
Target: 27,76
AEO Personally I feel strongly this wedge will play out to the upside. Strong bounce off long term previous resiatnce as support We did break long term resiatnce above tried to hold and fail. However it did make a new high. This backtest could be the one that rips us through the all time high. Safest buy from her is supprt above 26.50s. Otherwise watching 23-22$. Very close to a breakout