American Eagle Outfitters Inc (NYSE:AEO) shares are trading lower on Tuesday, pulling back from a sharp surge higher to start the week. Here’s a look at what’s going on.
What To Know: Technical analysis for American Eagle stock reveals a bearish sentiment, with a current price of around $12, down from an opening of $12.90. American Eagle shares surged 23.65% earlier this week, closing at $13.28 after an unexpected endorsement from President Donald Trump, who praised an American Eagle ad featuring actress Sydney Sweeney, calling it the "HOTTEST out there" and driving heavy trading volume.
