American Eagle Outfitters (AEO) NewsBite - AEO Wins Injunction Against Payless

American Eagle Outfitters Inc. (AEO) opened at 12.90. So far today, the stock has hit a low of 12.81 and a high of 13.76. AEO is now trading at 13.57, up 0.87 (6.74%). The stock hit its 52 week high of 27.96 in July and set its 52 week low of 11.87 in July. AEO has been moving downwards for the past year. American Eagle Outfitters announced today it won a preliminary injunction against shoe retailer Payless ShoeSource Inc. (PSS) in a lawsuit alleging Payless used its trademark to market shoes and bags. A Needham analyst also upped the stock to "Hold" from "Underperform." Technical indicators for the stock are neutral and slightly improving while S&P gives AEO a very positive 5 STARS (out of 5) strong buy rating. If you're looking for a hedged play on this stock, consider a November bull-put credit spread below the $10 range. AEO stock could fall up to 26.3% before expiration and this position would still be profitable.

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