American Eagle Outfitters_Trading Buy_Short TermThe stock has touched a new low of $13.80 and re bounce to its green support line with high volume. Near-term buy with resistance at $15.90 observed.
AEO trade ideas
$AEO Bulls keep American Eagle above vital $14 level.Entry level $14.32 = Target price $15.00 = Stop loss $13.89
Nice reversal off the earnings lows, bulls holding the $14.
Average analysts price target $17
P/E ratio 9.8
short interest 14%
American Eagle Outfitters, Inc. is a multi-brand specialty retailer. It offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom. It also acquired two emerging brands to complement its existing brands, Tailgate, a vintage sports-inspired apparel brand, and Todd Snyder New York, a premium menswear brand. The company was founded in 1977 and is headquartered in Pittsburgh, PA.
Momentum is changing in American EagleAEO has been in a long-term downtrend. After last earnings it got a nice spike, but then it came back down. Lately its momentum has been changing after two bullish trend line breaks. It's cheap with a current P/E of about 10, and it's had several recent analyst upgrades. I am holding AEO until it gets close to the next trend line. Then I will sell and wait for the trend line break as a signal to re-enter.
$AEO Bounce from 52-week lows Targeting 22 $AEO American Eagle Outfitters, Inc...Looks like good fish but after recorded 52-weeks lows at 13.66 then bounce with huge volume and closed at 17.3 after 3 days . Approx. 15% from the bottom which is good signal for long-term uptrend but may be slow one. I draw target to 22 which almost 80% from the bottom and could be extended to 26 but as i said its looks like will take some time to achieve theses goals.
American Eagle Outfitters Long Into earningsAVERAGE ANALYSTS PRICE TARGET $22
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 12
SHORT INTEREST 11%
COMPANY PROFILE
American Eagle Outfitters, Inc. is a multi-brand specialty retailer. It offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom. It also acquired two emerging brands to complement its existing brands, Tailgate, a vintage sports-inspired apparel brand, and Todd Snyder New York, a premium menswear brand. The company was founded in 1977 and is headquartered in Pittsburgh, PA.
$30 Million buyback announced by American Eagle Outfitters American Eagle Outfitters announces that the board authorized an additional 30M shares for repurchase through February 3, 2024.
The retailer says the new buyback allowance brings the shares available for purchase under the company's publicly announced share repurchase authorizations to approximately 37.4M shares.
"Consistent financial performance has led to strong free cash flow and a substantial cash balance even after making investments in our business to fuel future growth. The increased authorization and continuation of our cash dividend policy underscore our confidence in long-term growth initiatives and AEO’s commitment to delivering shareholder returns," notes AEO Jay Schottenstein.
By: Clark Schultz, SA News Editor
American Eagle Outfitters channel playAmerican Eagle recently dropped to the bottom of its channel on a couple analyst downgrades, but it could see a short-term rebound. It's a buy Monday below 16.70, with stop loss 16.62.
Long American Eagle (AEO) nice Risk Reward Option or equity playAmerican 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 the next earnings report I am expecting a pick up in the stock price.There are signs of strong support at 16.60 and signs of weekly consolidation at 16.82. I believe price will be pushed up towards 17.15, 17.40, and 17.50 and breakout from there towards mid $18 levels.
AEO Long - Oversold and now has some momentumThis trade does have down potential as any trade does.
AEO has just gotten past the horrible 4th quarter sales from last year, and consumer buying power has risen. I think the stock has over sold, and if you look at June 11th, that looks closely like a modified morning star (bullish).
Now- the sad truth is that the very next day the stock went back down on June 12th, and this makes not a true morning star. On June 13 +14 stock prices rose up beyond the opening price of the 12th and I jumped in.
Looking at a target between $18.50 and $20.00 as solid gains. Yes, that is a large area, but if you notice at around $19.75 is where the shake out really happens, making that a great short gains target and over $2 of profit.
Stop /Loss has been placed at $16.59, the low of the price on June 12th to reduce any horrible loss, and roughly a $1 loss.
Let me know what you think.
I am not a financial advisor, I just like to share my thoughts and trades with the community.
AEO Short Day Trade 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.
$AEO RISKY REVERSAL TRADE INTO EARNINGS The current mixed bag of results in the retail sector makes this a difficult call coming into earnings and high volatility is expected post earnings. We are biased on the bull case but on our chart we have included a bearish view, where we still have to complete the C wave in correction. Regardless of the outcome there is profits to be had, as the upside and downside have quite a lot of room to run.
AVERAGE ANALYSTS PRICE TARGET $24.57
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
SHORT INTEREST 10%
COMPANY EARNINGS
American Eagle Outfitters, Inc. is a multi-brand specialty retailer. It offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom. It also acquired two emerging brands to complement its existing brands, Tailgate, a vintage sports-inspired apparel brand, and Todd Snyder New York, a premium menswear brand. The company was founded in 1977 and is headquartered in Pittsburgh, PA.
CONFLICTED(IN MY INFINITE IGNORANCE)
PRICE AND VOLUME HAVE BULLISH TENDENCIES WITH PROMISING VOLUME PATTERNS AND A BIG BULLISH CANDLE OFF 22$ RESISTANCE.
ACCORDING TO THE ADX, WE ARE RANGING - BUT INDICATORS SHOW SIGHS OF A POSSIBLE REJECTION (REVERSAL) TO THE DOWNSIDE.
ANY ADVICE, INPUTS, CONCERNS AND THOUGHTS WOULD BE APPRECIATED.
Another possible Breakout with AEO AEO came across the scanner tonight and I like the look of the set up. I am watching for a possible breakout to the upside, with a target of $22.14-$22.45.
Another setup to watch closely. If the price falls below the lower support line than the trade Idea is void.
Lets see where this one goes.
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
Cheers,
Les
Descending channel Price reached the upper limits of the descending channel with also resembles a bull flag.
AEO trading in a channelLook at this beautiful channel that AEO has been building for us to milk. This seems like a no brainer play to me. I'll be buying now with a stop loss right below the lower trendline. I'll only sell if it CLOSES daily price action below this trendline. One lesson I've learned recently is that intra day price action does no accurately follow trends on daily charts.
AEO American Eagle Outfitters Short OpportunityAfter 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.
