January's retail sales numbers are scheduled to be released tomorrow, so we thought it would be interesting to take a look at American Eagle Outfitters. Retail sales figures are generally released around the middle of the month and are often used as an economic indicator of consumer confidence. As you can see from the chart below, AEOS has been unable to get above the resistance of the 200 DMA - a bearish sign that could suggest that tomorrow's numbers will be worse than expected. We'd expect to see AEOS head lower until we see the price close above the 200 DMA.

We've also added the MACD, which has recently crossed below its trigger line. This signal could also be used by the bears to suggest that AEOS may be heading lower soon.



AEOS_021306.jpg
Related Analysis
  1. Stock Analysis

    Toyota Posts Record Quarterly Profit in Q1

  2. Stock Analysis

    Does FireEye Stocks Look Like A Good Opportunity?

  3. Stock Analysis

    Wendy's Experiments with Antibiotic-Free Chicken

  4. Stock Analysis

    Saudis to Ink $5.4 Billion Patriot Missile Contract

  5. Stock Analysis

    Sony Gets Into the Drone Business

You May Also Like

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!