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Has AEO (American Eagle Outfitters) Started a New Upleg?


With Goldman Sachs upgrade to Buy (from Neutral), and this morning's pre-open pop to 14.75/85, the Sept rest/digestion period appears to be over, which also means that a new upleg is in progress that projects to 17.00-18.00.

Only a sharp downside reversal that declines beneath the recent pullback low at 13.41 (Sept 15).

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