American Eagle price returns higher - Forecast today - 27-03-2024

American Eagle Outfitters’ stock (AEO) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, which could hinder upcoming gains.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 26.44. 

Trend forecast: Bullish