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American Eagle price shakes off negative pressure - Forecast today - 29-04-2024
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American Eagle price shakes off negative pressure - Forecast today - 29-04-2024
Apr 29, 2024 6:24 AM

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

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