American Eagle extends gains - Analysis - 22-11-2022

American Eagle Outfitters' stock (AEO) rose in the intraday levels while buoyed by piercing the downward short-term trend line, while dominated by the upward correctional trend, with support from the 50-day SMA, marking a profit of 0.62% in the last session, or 8 cents, and settling at 13.00, with positive signals from the RSI after recently venting off its overbought saturation.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 14.18, provided the support of 11.16 holds on.

Expected trend for today: Bullish