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Downgrade Alert for Abercrombie & Fitch (ANF)

By David Diaz

Abercrombie & Fitch (NYSE:ANF) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $17.74 on volume of 7.2 million shares, above average daily volume of 1.6 million.

Abercrombie & Fitch (NYSE:ANF) has potential upside of 32.7% based on a current price of $17.74 and analysts' consensus price target of $23.54. Abercrombie & Fitch shares should first meet resistance at the 200-day moving average (MA) of $24.54 and find additional resistance at the 50-day MA of $29.84.

Abercrombie & Fitch Co. is a specialty retailer that operates stores selling casual apparel, such as knit shirts, graphic t-shirts, jeans, woven shirts and personal care and other accessories for men, women and kids. The Company operates stores in the United States and Canada as well as retails its products over the Internet.

In the past 52 weeks, shares of Abercrombie & Fitch have traded between a low of $15.42 and a high of $32.83 and closed yesterday at $17.74, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.4%.

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

Keywords: analyst upgrades/downgrades Abercrombie & Fitch

Ticker(s): ANF