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Sangeeny

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

Long
American Eagle Outfitters, Inc. (NYSE:AEO)  
Sangeeny  
NYSE:AEO   American Eagle Outfitters, Inc.
Trend Analysis Chart Patterns Wave Analysis AEO american shortqueeze LONG Bullish Patterns Falling Wedge
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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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