American Eagle Outfitters is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle Outfitters, Aerie and 77kids brands.
American Eagle Outfitters could exceed the symbolic threshold of USD 21.3.

The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good. The high levels of valuation show the interest of investors for this security.

Technically, prices continue to increase sharply for several months. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 21.3 and seems able to breakout soon. This crossover would provide a strong buy signal.

Investors could take a buy position once prices will be above the resistance. The target price will be USD 23. A stop loss will be positioned under USD 20.