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Breakout Name AEO Continues to Perform in Bad Market


Friday March 6th, 2015
Breakout Name AEO Continues to Perform in Bad Market
by Mike Paulenoff www.MPTrader.com

American Eagle Outfitters, Inc. (AEO) continues to act well in the aftermath of its positive reaction to its recent earnings report.

That said, my optimal, near-term target is in the 17.00 area, where I will be inclined to exit my long position.

Just in case, I have raised my protective stop to 16.09 intraday to preserve some profit in the event of a nasty downside reversal in sympathy with a late session nosedive in the benchmark-stock indices.

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