American Eagle Outfitters Inc (AEO)

[lecorb]

Downgrade Alert for American Eagle Outfitters (AEO)


Aug 29, 2014 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- American Eagle Outfitters (NYSE:AEO) was downgraded from Buy to Hold at Standpoint Research today. The stock closed yesterday at $14.02 on volume of 7.5 million shares, above average daily volume of 5.8 million. American Eagle Outfitters (NYSE:AEO) is currently priced 12.8% above its average consensus analyst price target of $12.23. American Eagle Outfitters shares have support at the 200-day moving average (MA) of $12.75 and additional support at the 50-day MA of $11.34.

In the past 52 weeks, shares of American Eagle Outfitters have traded between a low of $10.12 and a high of $16.95 and closed yesterday at $14.03, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.7%.

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.

SmarTrend is monitoring the recent change of momentum in American Eagle Outfitters. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Eagle Outfitters in search of a potential trend change.

http://www.zacks.com/research/get_news.php?id=241l9249