After Yesterday's Rally of 1.51% Shares Could Potentially Pullback
Abercrombie & Fitch (NYSE:ANF) traded in a range yesterday that spanned from a low of $17.23 to a high of $17.73. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $17.60 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Abercrombie & Fitch share prices have been bracketed by a low of $15.42 and a high of $32.83 and are now at $17.51, 14% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.
SmarTrend is monitoring the recent change of momentum in Abercrombie & Fitch. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Abercrombie & Fitch in search of a potential trend change.
Keywords: rebounders Abercrombie & Fitch