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Watch for Abercrombie & Fitch to Potentially Rebound After Falling 4.46% Yesterday
[February 22, 2013]

Watch for Abercrombie & Fitch to Potentially Rebound After Falling 4.46% Yesterday

Feb 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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