Objective Long/Short Report (AEO).

November 30, 2024, 8:48 PM ET, BY Allen K. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for AEO

• Buy AEO near 17.77 and target a 20.16 stop loss at 17.72 Details

The technical summary data tells us to buy AEO at around 17.77, with an upside target of 20.16. This data also tells us to set a stop loss at 17.72 to protect ourselves from excessive losses in case the stock starts moving against the trade. 17.77 is the first level of support below 19.24 and basically any test of support is a buy signal. In this case, the support at 17.77 would be tested, so a buy signal would be present.

• Short AEO just below 20.16, target 17.77, stop loss at 20.22 Details

Technical summary data suggests shorting AEO as it approaches 20.16 with a downside target of 17.77. However, we should have a stop loss at 20.22. 20.16 is the first resistance level above 19.24, and basically any test of resistance is a short signal. In this case, if the resistance 20.16 is tested, a short signal is present.

Swing trading plans for AEO

• Buy AEO just above 20.16, target 22.81, stop loss at 20.1 Details

If 20.16 starts to break higher, the technical summary data tells us to buy AEO just above 20.16 with an upside target of 22.81. The data also tells us to set a stop loss at 20.1 in case the stock turns against the trade. 20.16 is the first resistance level above 19.24, and basically any break above resistance is a buy signal. In this case, 20.16, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short AEO slightly near 20.16, target 18.84, stop loss at 20.22. Details

Technical summary data suggests AEO should be short if it tests 20.16, with a downside target of 18.84. However, we should have a stop loss at 20.22 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 20.16 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for AEO

• Buy AEO just above 19.43, target 20.16, stop loss at 19.38 Details

If 19.43 starts to break higher, the technical summary data tells us to buy AEO just above 19.43 with an upside target of 20.16. The data also tells us to set a stop loss at 19.38 in case the stock turns against the trade. 19.43 is the first resistance level above 19.24, and basically any break above resistance is a buy signal. In this case, 19.43, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short AEO close to 19.43, target 18.84, stop loss at 19.48. Details

Technical summary data suggests AEO should be short if it tests 19.43, with a downside target of 18.84. However, we should have a stop loss at 19.48 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 19.43 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for American Eagle Outfitters Inc. (AEO) available here: AEO.

AEO ratings for November 30th:

AI generated signals for AEO

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading American Eagle Outfitters Inc. (NYSE: AEO) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for AEO change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when AEO tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for AEO. All of this is offered below the overview table.