American Eagle tries to recoup some losses - Analysis - 02-06-2023

American Eagle Outfitters' stock (AEO) rose in the intraday levels, marking a profit of 1.18% in the last session, or 12 cents, and settling at 10.29, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, amid the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of 9.50, provided the resistance of 11.52 holds on.

Expected trend for today: Bearish