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Abercrombie & Fitch Crosses Below its 10-day MA (ANF)

By David Diaz

Abercrombie & Fitch (NYSE:ANF) crossed under its 10-day moving average of $23.91 on a volume of 6.6 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Abercrombie & Fitch share prices have moved between a 52-week high of $32.83 and a 52-week low of $15.42 and are now trading 42% above that low price at $21.92 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Abercrombie & Fitch on April 8th, 2016 by issuing a Downtrend alert when the shares were trading at $28.76. Since that call, shares of Abercrombie & Fitch have fallen 12.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Abercrombie & Fitch

Ticker(s): ANF