American Eagle Outfitters (AEO) stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 90 to 93.

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IBD’s unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks matches up against other publicly traded companies.

Over 100 years of market history shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.

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Is American Eagle Outfitters Stock A Buy?

American Eagle Outfitters stock is working on a consolidation with a 26.44 entry. See if the retail stock can clear the breakout price in volume at least 40% above average.

Earnings grew 65% last quarter, up from 17% in the prior report. Revenue also increased, from 5% to 12%. Look for the next report on or around May 29.

American Eagle Outfitters stock earns the No. 7 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch (ANF), TJX Cos (TJX) and Caleres (CAL) are among the top 5 highly rated stocks within the group.

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