American Eagle Outfitters (AEO) Third Quarter Earnings Preview

Posted: Monday, November 23, 2009 12:23 PM EDT

American Eagle Outfitters (NYSE: AEO) opened at $14.84. So far today, the stock has hit a low of $14.39 and a high of $14.88. AEO is now trading at $14.58, down $0.04 (-0.27%). Over the last 52 weeks the stock has ranged from a low of $6.98 last November to a high of $19.86 last month. American Eagle is trading lower today ahead of the company's earnings report tomorrow. The company will be reporting third quarter earnings, and analysts are expecting to see 21 cents per share. For the same period last year, the company had earnings of 30 cents per share. Technical indicators for the stock are neutral and S&P gives AEO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AEO the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (AEO)