American eagle stock price the American Eagle stock price edged up

The American Eagle stock price edged up mid-day to $23.57 as broader retail shares rebounded. Chartists point to the 50-day moving average as a key support level to maintain strength into the holiday quarter. American Eagle reported revenues of $1.28 billion, flat year on year. This print exceeded analysts’ expectations by 4%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and gross margin estimates. The flip side is that athleisure is in retreat as a growth area in the apparel world. This reversal is most clearly seen in Lululemon ( LULU ) stock, which fell nearly 20% on Friday after the company cut its annual profit outlook . With Friday's decline, Lululemon stock was trading at a six-year low. American Eagle stock price held firm at $23.52 despite weakness in consumer discretionary shares. Market watchers highlight that inventory management strategies remain a key driver for sustaining earnings growth in Q