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Recent 52-Week Low Surpassed in Shares of Abercrombie & Fitch (ANF)

By Amy Schwartz

Shares of Abercrombie & Fitch (NYSE:ANF) traded today at $15.40, breaking its 52-week low. This new low was reached on below average trading volume as 610,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Abercrombie & Fitch Co. is a specialty retailer that operates stores selling casual apparel, such as knit shirts, graphic t-shirts, jeans, woven shirts and personal care and other accessories for men, women and kids. The Company operates stores in the United States and Canada as well as retails its products over the Internet.

There is potential upside of 52.1% for shares of Abercrombie & Fitch based on a current price of $15.48 and an average consensus analyst price target of $23.54. Abercrombie & Fitch shares should first meet resistance at the 200-day moving average (MA) of $24.54 and find additional resistance at the 50-day MA of $29.84.

Abercrombie & Fitch share prices have moved between a 52-week high of $32.83 and the current low of $15.40 and are currently at $15.48 per share. 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 August 31st, 2016 by issuing a Downtrend alert when the shares were trading at $17.97. Since that call, shares of Abercrombie & Fitch have fallen 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Abercrombie & Fitch

Ticker(s): ANF