Buy The Dip On This Underperforming Retailer
AEOAmerican Eagle Outfitters(AEO) Forbes·2024-04-12 02:06

Just days ago, American Eagle Outfitters (AEO) landed a bull note from J.P. Morgan Securities to "overweight" from "neutral." The firm cited strong momentum for the apparel retailer’s portfolio and potential for revenue growth. Now, the shares are seeing a historical bull signal flashing, just after logging a third-straight daily drop while carrying a 9.3% deficit for April. For those looking to buy the dip, the recent pullback has AEO within one standard deviation of its 50-day moving average, a trendline ...