Is American Eagle Outfitters (AEO) a Sell? The Stock Formed Bearish Double Bottom Chart Pattern

September 12, 2017 - By Michael Collier

The chart of American Eagle Outfitters (AEO) shows a double bottom with $11.59 target or 9.00 % below today’s $12.74 share price. The 6 months chart pattern indicates high risk for the $2.26B company. It was reported on Sep, 12 by Finviz.com. If the $11.59 price target is reached, the company will be worth $203.40 million less. Double bottoms are rare but powerful chart patterns.

About 1.18M shares traded. American Eagle Outfitters (NYSE:AEO) has declined 31.50% since September 12, 2016 and is downtrending. It has underperformed by 48.20% the S&P500.

American Eagle Outfitters (NYSE:AEO) Ratings Coverage

Among 27 analysts covering American Eagle Outfitters (NYSE:AEO), 13 have Buy rating, 1 Sell and 13 Hold. Therefore 48% are positive. American Eagle Outfitters had 70 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Thursday, December 1. The rating was maintained by Buckingham Research on Thursday, August 24 with “Neutral”. The rating was maintained by Telsey Advisory Group with “Market Perform” on Monday, August 15. The stock of American Eagle Outfitters (NYSE:AEO) earned “Neutral” rating by Mizuho on Thursday, January 5. The stock has “Hold” rating by Wunderlich on Saturday, August 15. The rating was downgraded by FBR Capital to “Mkt Perform” on Tuesday, November 15. Jefferies maintained it with “Buy” rating and $19 target in Wednesday, April 5 report. Suntrust Robinson maintained it with “Buy” rating and $22 target in Thursday, August 18 report. The stock has “Buy” rating by Jefferies on Friday, May 27. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, November 3.

More notable recent American Eagle Outfitters (NYSE:AEO) news were published by: Fool.com which released: “2. What FBR doesn’t hate about American Eagle Outfitters…” on August 15, 2017, also Investorplace.com with their article: “American Eagle Outfitters (AEO) Stock Is Quickly Losing Relevance” published on August 22, 2017, Seekingalpha.com published: “American Eagle Outfitters: Here’s The Thing” on August 23, 2017. More interesting news about American Eagle Outfitters (NYSE:AEO) were released by: Seekingalpha.com and their article: “American Eagle Outfitters: The 4% Yield Is All You Get” published on August 27, 2017 as well as Bloomberg.com‘s news article titled: “Advantage, American Eagle” with publication date: August 21, 2017.

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