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Watch for Abercrombie & Fitch to Potentially Rebound After Falling 4.46% YesterdayFeb 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Abercrombie & Fitch (NYSE:ANF) traded in a range yesterday that spanned from a low of $45.00 to a high of $48.85. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $47.91 on volume of 13.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. Abercrombie & Fitch share prices have moved between a 52-week high of $54.10 and a 52-week low of $28.64 and are now trading 64% above that low price at $46.86 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%. SmarTrend recommended that subscribers consider buying shares of Abercrombie & Fitch on November 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.43. Since that recommendation, shares of Abercrombie & Fitch have risen 21.3%. We continue to monitor ANF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |