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Bullish Moving Average Cross by Abercrombie & Fitch (ANF)

By Amy Schwartz

Today, shares of Abercrombie & Fitch (NYSE:ANF) have crossed bullishly above their 10-day moving average of $19.03 on a volume of 740K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Abercrombie & Fitch have traded between a low of $15.42 and a high of $32.83 and are now at $19.17, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.32% lower over the past week, respectively.

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 35.3%. 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