American Eagle Closed Near it 200 Day; Vale Close to Resistance

New York, December 1st (

) – After stocks ended mixed, pressured by a lackluster weekly jobless claims report ahead of the key employment report and after China PMI data showed contraction, we identified the following

. Shares of American Eagle Outfitters, Inc. (

) traded at $14.08 close to its 200 day moving average currently set at $13.49. American Eagle's price action is just above this key support level, and it will certainly raise traders' attention, as a possible trading opportunity. American Eagle Outfitters, Inc.

retails men's and women's casual apparel, footwear, outerwear, and accessories. The company operates stores in the United States. Latest price action range, defined by a peaks and troughs algorithm places calculated support at $12.76 and calculated resistance at $14.97. Traders will certainly watch these levels, as they provide insight into the latest price dynamics defined by American Eagle Outfitters stock. Traders wanting to establish a position on American Eagle Outfitters will be looking at the price action for evidence of buying near the 200 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside. Another idea is Vale SA (

). The iron ore producer based in Brazil fell 0.39% to $23.16 after trading as high as $23.56. The stock closed near its calculated resistance level at $23.63, with price action placing it at levels that is difficult to buy. Companhia Vale do Rio Doce

, through its subsidiaries, operates as a diversified metals and mining company worldwide. Vale produces and sells iron ore, pellets, manganese, alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. The Company is based in Brazil, where it owns and operates railroads and maritime terminals. Vale's current stock range is defined by current calculated support defined at $21.76 and by the resistance level at $23.63, the stock is clearly over-extended from support, making it difficult to establishing new long positions at this level. Traders don't have a clear entry point for Vale, as the stock is well above support, however, as the stock pulls back towards $21.76 it will definitely provide a reference point to establish a trade. On the other hand if the stock decides to break above resistance level at $23.63 then traders will get an opportunity to enter Vale stock by establishing a position as the stock moves to a higher range.