AEO trade ideas
Short on AEOGoing purely off the chart pattern, and the fact that the market is having a large pullback, I think it's a fairly risk free short. Stop is just above resistance where it could break out, limit is just above the bottom.
Comment your ideas below.
Long IdeaAmerican Eagle Outfitters is a retailer of apparel and accessories that also offers personal care products. It sells its products in stores as well as online. It operates stores in the USA, Canada, Mexico, Hong Kong, China and the UK. Price Chart completed over 8 month long H&S pattern. Look for long on a weekly close above neckline of 14.57. H&S Bottom Target comes at 18.58 area.
Waiting and watching $AEOLooks really good. Watching this and other retail outfitters to see which one blows first.
The Bearish Case for AEO -- Gap up or Bull Trap?Red Flag refers to gap up, could this be a bull trap?
im looking for it to correct around the .618 and .78, resistance at the 1
OTHER CONSIDERATIONS:
IMPLIED VOLATILITY/EARNINGS
SEASONAL -- Also, keep in mind some believe that clothing retailers stock price can be influenced by temperature/heat (see: Kohls, Sears, etc) -- with the end of summer around the corner, demand could and likely will move to other sectors
AEO Day Trade Gap N Go (Brad Reed May20,2015)If AEO opens above 16.95 consider using the Gap N Go Strategy. To receive a free and complete stock trading education, go to www.RealLifeTrading.com
AEO poised for break of key levelPrice moved back up to test $17.30. A break of this level would constitute a high since Aug 2013 and have a potential $1 upside. May be suitable for short term bought call scalp
AEO short term income playunderlying strength in the stock pushed it to 12 month highs and a further move higher could be worth either a credit spread or short term covered call. Note earnings 10th March so expiry Mar W1
AEO: Descending Triangle Looks for 14Descending Triangle at 78.6% retracement of AEO's 2007 high-2009 low range; Broken at 18, measured move targets support cluster near 14.
