American Eagle rallies after earnings beat, levels to watch Shares are up over 7.2% to $12.44 following a beat on earnings. At that price the stock has broken above the top of the trading range in place since April, which was at the $12 area. This range break is bullish for future price trends. Next resistance is at $12.81. Support is at $11.84. The stock needs to hold above $12 on an end of day closing basis for the breakout to be valid.
American Eagle says environment continues to be highly promotional Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.