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Abercrombie & Fi Rises 1.83% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Abercrombie & Fi (NYSE:ANF) traded in a range yesterday that spanned from a low of $16.51 to a high of $16.74. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $16.59 on volume of 442,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Abercrombie & Fi and will alert subscribers who have ANF in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Abercrombie & Fi share prices have been bracketed by a low of $13.58 and a high of $30.63 and are now at $16.73, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

Keywords: rebounders abercrombie & fi

Ticker(s): ANF