Long Position on AEO @ $18.75 on 12/4/2020 (Momentum)

American Eagle Outfitters, Inc. (AEO) operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands.

Bullish Cup and Handle on $ AEOThe company provides jeans, and specialty apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

In addition, it offers sports apparel under the Tailgate brand; and menswear products under the Todd Snyder New York brand name.

As of February 1, 2020, it operated approximately 940 American Eagle stores, 148 Aerie stand-alone stores, 5 Tailgate stores, and two Todd Snyder stores in the United States, Canada, Mexico, China, and Hong Kong.

It also ships to 81 countries through its Websites; and offers its merchandise at 217 locations operated by licensees in 24 countries, as well as provides products through its Websites ae.com, aerie.com, and ToddSnyder.com.

American Eagle Outfitters, Inc. announced that its board has updated the record and payment dates of the previously-deferred first quarter 2020 cash dividend, which originally was declared on March 26, 2020 and deferred on April 2, 2020 in response to store closures resulting from the COVID-19 pandemic. The $0.1375 per share cash dividend is now payable on December 30, 2020 to stockholders of record at the close of business on December 16, 2020.

Entry Point: $18.75

Stop Loss: $17.80

Trading Range: $6.54 - $19.08

Target Price: $20.65

Updates

12/21/2020 2:13:00 PM

AEO closed at $19.50

Position closed on 12/21/2020 at price of $19.50 with a 4.00% gain in 17 days.

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