AEO saw a strong bullish reversal from the bottom and with the 15% jumped on Monday, the stock has briefly broken above the resistance line at US$13.02. Given the strong momentum, AEO will likely confirmed the double bottom and reached US$20.00. Momentum:
Long-term MACD has performed a crossover at the bottom and histogram is positive. Stochastic has confirmed the oversold crossover and 23-period ROC is rising and stay positive on the high note. Volume spikes upon break out
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.