AEO has been in a long-term downtrend. After last earnings it got a nice spike, but then it came back down. Lately its momentum has been changing after two bullish trend line breaks. It's cheap with a current P/E of about 10, and it's had several recent analyst upgrades. I am holding AEO until it gets close to the next trend line. Then I will sell and wait for the trend line break as a signal to re-enter.
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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.