The Eagle Dives

By -

I’ve mentioned American Eagle Outfitters (AEO) as a short in recent weeks, as it was inching its way toward completing its rounded top. Well, today it finally did so with gusto.

slopechart AEO

This is all part of a multi-decade channel, as we begin to unwind the lunatic post-Covid ascent that the stock had enjoyed.

slopechart AEO