Checking on sales at Aeropostale and Abercrombie & Fitch - Blogging Stocks

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Checking on sales at Aeropostale and Abercrombie & Fitch
Nov 05, 2009 05:30 PM UTC

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Symbol	Sentiment	Start	Return	Closed
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ANF	n/a

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Filed under: Abercrombie and Fitch (ANF), American Eagle Outfitters (AEO)

Could we see a bit of a drop from American Eagle Outfitters (NYSE: AEO) today? The retailer announced that its October same-store sales fell 5%, when the Street expected an increase of 1.7%. This disparity certainly seems to suggest that we could see the stock fall in today's trading action. The equity may find a measure of support from its 10-week moving average, which has filled this role throughout the stock's calendar-year rally. There seems to be some long-term support from AEO's 10-, 20-, and 50-month moving averages; all of which are in the $15 -$17 region. If the stock is going to fall, this support could be crucial. A drop through this resistance could spell a stock slide.

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Checking on sales at Aeropostale and Abercrombie & Fitch originally appeared on BloggingStocks on Thu, 05 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

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