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AEO: A poor short idea
AEO is a broken apparel stock that is has bounced above its 50MA and is now down below it again.
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The Pyramid data shows that the retail clothing sector is very strong. This could continue pulling AEO higher.
The stock as a very weak LER, but the supply is lower than10%, which means that there is no panic selling.
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Stats to short at 13.86 with a stop on a break above $14 look good, but still, that would put us against the sector. Maybe not such a good idea!
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