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TMCNet: Downgrade Alert for American Eagle Outfitters (AEO)

[January 02, 2013]

Downgrade Alert for American Eagle Outfitters (AEO)

Jan 02, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- American Eagle Outfitters (NYSE:AEO) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $20.51 on volume of 2.4 million shares, below average daily volume of 4.3 million. Potential upside of 22.6% exists for American Eagle Outfitters, based on a current level of $20.51 and analysts' average consensus price target of $25.14. The stock should hit resistance at its 50-day moving average (MA) of $20.59, as well as support at its 200-day MA of $20.12.


American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories. The Company's products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.

Over the past year, American Eagle Outfitters has traded in a range of $12.50 to $23.94 and closed yesterday at $20.51, 64% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for American Eagle Outfitters and will alert subscribers who have AEO in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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