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SmarTrend Watching for Potential Pullback in Shares of Abercrombie & Fi After 1.83% Gain

By James Quinn

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.

Abercrombie & Fi share prices have moved between a 52-week high of $30.63 and a 52-week low of $13.58 and are now trading 23% above that low price at $16.73 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

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.

Keywords: rebounders abercrombie & fi

Ticker(s): ANF