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Abercrombie & Fi (ANF) Breaks Through Support at $18.55

By David Diaz

Shares of Abercrombie & Fi (NYSE:ANF) have bearishly opened below the pivot of $19.14 today and have reached the first support level of $18.55. Analysts will be watching for a cross of the next downside pivot targets of $18.07 and $17.00.

Potential upside of 0.0% exists for Abercrombie & Fi, based on a current level of $0.00 and analysts' average consensus price target of $22.69. The stock should run into initial resistance at its 50-day moving average (MA) of $23.21 and subsequent resistance at its 200-day MA of $23.62.

In the past 52 weeks, shares of Abercrombie & Fi have traded between the current low of $0.00 and a high of $29.69 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.08% higher and 1.04% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Abercrombie & Fi on August 30th, 2018 by issuing a Downtrend alert when the shares were trading at $23.41. Since that call, shares of Abercrombie & Fi have fallen 18.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts abercrombie & fi

Ticker(s): ANF