AI
Tuesday, June 04, 2019 6:51:04 PM
$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%
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%
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