American Eagle Outfitters (AEO) NewsBite - AEO Upgraded By Friedman, Billings & Ramsey

Thu. October 09, 2008; Posted: 02:46 PM

Oct 09, 2008 (Fresh Brewed Media via COMTEX) -- AEOS | Quote | Chart | News | PowerRating -- American Eagle Outfitters (AEO) was upgraded today by analysts at Friedman, Billings & Ramsey and the stock is now at $11.15, down $0.12 (-1.06%) on volume of 7,059,187 shares traded. The brokerage upped AEO to "Outperform" from "Market Perform." Over the last 52 weeks the stock has ranged from a low of $10.94 to a high of $25.63. American Eagle Outfitters stock has been showing support around $9.88 and resistance in the $13.38 range. 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 an October out-of-the-money bull-put credit spread below the 10 range.

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