Big moves ahead of AEO. Year long correction is over.

Pembelian

American Eagle Outfitters, Inc. (NYSE:AEO)

NYSE:AEO American Eagle Outfitters, Inc.

trendanalysis chartpattern waveanalysis aeo american shortqueeze long bullish fallingwedge

I think that AEO is one of the most overlooked stocks right now. Elliot wave analysis suggests that the year long correction is over and we are on the brinks of starting a new motive wave. We clearly saw a breakout out of the falling wedge on friday, and that's BULLISH. Not only that, but AEO is a company that actually makes money. Above all that, AEO is a highly shorted stock with 23% of the free float shorted. Also, SPY is bound to rally into a corrective leg, short term is looking BRIGHT for AEO. NFA.

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