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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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