Shares of teen retailers were dragged down Tuesday by American Eagle’s disappointing earnings forecast. American Eagle’s shares fell sharply after lowering its second quarter outlook and forecasting a 7 percent decline in comparable-store sales. Janney Capital has downgraded the company’s rating to “neutral” from “buy” and has also downgraded the entire specialty clothing sector to “underweight”. “We perceive headwinds for the sector for the fall season,” said Janney analyst Adrienne Tennant.

American Eagle Outfitters (NYSE:AEO - News) shares traded in the range of $16.60 to $17.62 Tuesday before settling to close at $17.57, a decrease of 12.02 percent. The stock appears to be facing some resistance at the $17.62, $18.26 and $18.42 levels. Shares of American Eagle Outfitters are down approximately 14.0 percent year-to-date.

More information on American Eagle Outfitters and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEO

Abercrombie & Fitch Co. (NYSE:ANF - News) shares traded in the range of $48.00 to $49.94 Tuesday before settling to close at $49.57, a decrease of 4.05 percent. The stock appears to be facing resistance at the $50.16 and $51.12 levels with some support at $49.53. Shares of Abercrombie & Fitch are up approximately 3.3 percent year-to-date.

More information on Abercrombie & Fitch and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ANF

Aeropostale Inc. (NYSE:ARO - News) shares traded in the range of $13.78 to $14.99 Tuesday before settling to close at $14.60, a decrease of 2.34 percent. The stock appears to be facing some resistance at the $14.67 and $15.15 levels with some support at $14.14. Shares of Aeropostale are up approximately 12.0 percent year-to-date.

More information on Aeropostale and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARO

Urban Outfitters, Inc. (NASDAQ:URBN - News) shares traded in the range of $41.32 to $43.22 Tuesday before settling to close at $42.47, a decrease of 2.75 percent. The stock appears to be facing resistance at the $42.57 and $43.23 levels with some support at $41.73. Shares of Urban Outfitters have are up approximately 8.0 percent year-to-date.

More information on Urban Outfitters and access to the free equity report can be found at:
www.WallStreetFundamentals.com/URBN

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