Abercrombie & Fitch Crosses Below its 10-day MA (ANF)
Abercrombie & Fitch (NYSE:ANF) crossed under its 10-day moving average of $22.18 on a volume of 472K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Abercrombie & Fitch share prices have been bracketed by a low of $15.42 and a high of $32.83 and are now at $22.06, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.
SmarTrend recommended that subscribers consider buying shares of Abercrombie & Fitch on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.57. Since that recommendation, shares of Abercrombie & Fitch have risen 10.5%. We continue to monitor ANF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Abercrombie & Fitch