lagging relative strength with the stock down about 11% after hours.
AEO looks like a lagging stock into earnings — AD line and relative strength drift lower, matching an after-hours decline near 11%.
AEO’s AD line has been drifting lower and price action has been sliding, while relative strength versus apparel retailers has also weakened. That backdrop matches the downside reaction, with the stock down roughly 10-11% after hours.
"Warning Signs Keep Growing — But Tom Isn’t Bearish!"