American Eagle Outfitters Sells Off -- Is It a Buy?

Filed under: American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) was not in vogue on Friday. The stock closed down just under 4% to $14.46 on significant volume.



I've been previously bullish on the stock, as I mentioned in an article back in November, but, with the current price action, I've obviously become cautious. The 52-week low for the shares is $11.35 and the 52-week high is $19.64. The following chart plainly shows both the shorter-term and the longer-term pullback from the yearly high that the company is undergoing.

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American Eagle Outfitters Sells Off -- Is It a Buy? originally appeared on BloggingStocks on Fri, 07 Jan 2011 18:00:00 EST. Please see our terms for use of feeds.

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