Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
American Eagle Outfitters’ stock price (AEO) rallied in the intraday levels, managing to shake off negative pressure from the 50-day SMA, while trading alongside the main upward medium-term trend line, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $26.44, provided the support of $21.85 holds on.
Trend forecast: Bullish