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Abercrombie & Fitch Rising Today on Above-Average Volume (ANF)

By Amy Schwartz

Abercrombie & Fitch shares are trading on heavy volume today, having risen 5.7% to $11.74. Today's volume of 2.5 million shares tops the average 30-day volume of 1.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 38.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Abercrombie & Fitch share prices have moved between a 52-week high of $32.83 and a 52-week low of $10.50 and are now trading 11% above that low price at $11.70 per share. The 200-day and 50-day moving averages have moved 0.38% higher and 0.32% lower over the past week, respectively.

Keywords: unusual volume Abercrombie & Fitch

Ticker(s): ANF