Watch for Continued Losses in Shares of Abercrombie & Fitch (ANF)
Shares of Abercrombie & Fitch (NYSE:ANF) traded today at $14.22, breaking its 52-week low. This new low was reached on below average trading volume as 331,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.
Over the past year, Abercrombie & Fitchhas traded in a range of $14.22 to $32.83 and are now at $14.34. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.
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.
Abercrombie & Fitch (NYSE:ANF) has potential upside of 64.1% based on a current price of $14.34 and analysts' consensus price target of $23.54. The stock should find initial resistance at its 200-day moving average (MA) of $24.54 and further resistance at its 50-day MA of $29.84.
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 19.4%. 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