Nov. 14 at 5:08 AM
$AEO: The last close at
$17.54 indicates a position above the 30-day moving average (MA30) of
$16.25 and slightly below the 50-day moving average (MA50) of
$17.11. The RSI at 59.76 suggests bullish momentum, but it is approaching overbought territory. Given the recent 60-day high of
$20.43 and low of
$12.05, the stock is currently trading in the upper half of this range, indicating potential for further upside.
Directional bias is bullish due to the price being above the MA30 and the positive RSI. Suggested entry is at
$17.60 to confirm upward momentum. Set a stop loss at
$17.00 to manage risk. Targets can be set at
$19.00 (near recent resistance) and
$20.00 (psychological level and near the 60D high).
Monitor for any shifts in momentum or market conditions that could affect these levels.
https://privateprofiteers.com
