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TMCNet:  Downgrade Alert for American Eagle Outfitters (AEO)

[November 16, 2012]

Downgrade Alert for American Eagle Outfitters (AEO)

Nov 16, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- American Eagle Outfitters (NYSE:AEO) was downgraded from Outperform to Market Perform at BMO Capital today. The stock closed yesterday at $18.87 on volume of 4.7 million shares, above average daily volume of 3.8 million. American Eagle Outfitters share prices have moved between a 52-week high of $23.94 and a 52-week low of $12.50 and closed yesterday at 51% above that low price at $18.87 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.6%.

American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories. The Company's products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.

There is potential upside of 25.1% for shares of American Eagle Outfitters based on a current price of $18.87 and an average consensus analyst price target of $23.61. American Eagle Outfitters shares should first meet resistance at the 200-day moving average (MA) of $19.01 and find additional resistance at the 50-day MA of $22.09.

SmarTrend recommended that its subscribers protect gains by selling shares of American Eagle Outfitters on September 24th, 2012 by issuing a Downtrend alert when the shares were trading at $21.35. Since that call, shares of American Eagle Outfitters have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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