(Finance) – Rise for American Eagle Outfitters,which changes hands in strong gains, surpassing the previous values by 16.38%.
The clothing group has announced a higher than expected quarterly results. In the third quarter, adjusted earnings per share came in at $0.42 versus the consensus consensus’ 22 cents. Revenues fell by 2.6% to 1.24 billion against the 1.21 billion estimated by the market.
Comparatively on a weekly basis, the trend of American Eagle Outfitters, shows a more marked trend than the trendline of theS&P-500. This demonstrates the greater propensity of investors to buy towards American Eagle Outfitters, compared to the index.
At present the scenario short of American Eagle Outfitters, notes a decisive climb with a target identified at 15.75 USD. In the event of a temporary physiological correction, the most immediate target is seen at 14.21. However, expectations are for a rise in the curve to the top 17.29.