5 Retail Stocks Suffering Markdowns

These retailers are being dragged down by heavy selling

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American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) is falling below support from its October and January lows after recently suffering a series of analyst downgrades after issuing disappointing forward guidance earlier this month.

AEO chart 5 Retail Stocks Suffering Markdowns
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AEO stock has fallen 13% year-to-date, and conditions aren’t exactly looking up for the stock. The company is looking for a “high single digit decline” in same-store sales in the first quarter amid challenging conditions.

That’s hardly a unique problem, but it will put further pressure on AEO stock.

Article printed from InvestorPlace Media, http://investorplace.com/2014/03/5-retail-stocks-suffering-markdowns/.

©2015 InvestorPlace Media, LLC

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