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Look for Shares of Abercrombie & Fi to Potentially Pullback after Yesterday's 3.97% Rise

By Amy Schwartz

Abercrombie & Fi (NYSE:ANF) traded in a range yesterday that spanned from a low of $16.35 to a high of $17.04. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $16.53 on volume of 1.4 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, shares of Abercrombie & Fi have traded between a low of $14.66 and a high of $30.63 and are now at $16.95, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 3.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Abercrombie & Fi on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $26.46. Since that call, shares of Abercrombie & Fi have fallen 38.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders abercrombie & fi

Ticker(s): ANF