American Eagle Trades Below 200 & 50-Day SMA: How to Play the Stock?

American Eagle Outfitters, Inc. (AEO) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. AEO has been trading below both the 200-day and 50-day simple moving averages (SMAs) for quite some time now, suggesting a bearish trend.AEO Trades Below 200 & 50-Day SMA Image Source: Zacks Investment ResearchCurrently, at $15.78, AEO remains below its 200-day and 50-day SMAs of $19.85 and $17.04, respectively, indicating a possible sustained downward trend.AEO st ...