American Eagle Outfitters stock price (AEO) rallied in the intraday levels, managing to shake off negative pressure from the 50-day SMA, while trading alongside the main upward medium-term trend line, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $26.44, provided the support of $21.85 holds on.
Trend forecast: Bullish