0R32 trade ideas
ANFANF consolidated and bottomed short term here.
inverse H&S and break neckline at 39$ on high vol.
retested successfully area and bounce today.
targets on chart
stop at close below 37.5
GL
Abercrombie & Fitch Is The Gem Inside Retail A majority of earnings from retailers have been horrid this quarter. Whether it is Lululemon Athletica inc. (NASDAQ:LULU), Sears Holdings Corp (NASDAQ:SHLD) or Elizabeth Arden, Inc. (NASDAQ:RDEN), there has not been many bright spots. One stock that gave Wall Street a surprise was Abercrombie & Fitch Co. (NYSE:ANF). After reporting, the stock surged from $33.21 to a high of $38.15. As the markets have collapsed in 2014, ANF has dropped sharply. This gives us an opportunity to buy a retailer who is actually performing for a great price. This looks solid at its current price of $32.52, -0.64 (-1.93%).
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
My opinion on ANF, which you can play in different stylesI see this stock as a choice. It can be both sides because this company is set to fail at the end for me as it is fashion. I see this company as a luxury simulation which doesn't persist.
I would probably take a bet if i had bought it at the highest low price but now i see it as very risky. Buy if SAR touches the candle.
Lucky Chart Take 25% off your entire purchase! Use Code: 35580 What has just come across my twitter feed is that Hollister, a company brand of the ticker ANF has improved its on-line sales using social media by a whopping 45%-percent. The tiny gap fill is always an interesting consideration for your stop position if you were looking at a long in this name. This chart is part of my outreach for Mercedes-Benz Fashion Week NYC under the Lucky Chart campaign. Sincerely, Beauty
ANFThere are four potential bullish patterns here, but the two I'm looking at are the Descending Triangle (falling wedge) and the daily time frame IHS which is at the neckline now. Targets are near each other 60-62 and both get price
back above a rising trendline (dotted)
Swifites RantThe note on the chart is making a referencing to a buzzfeed article ( www.buzzfeed.com ). These sort of opposition rants can easily destroy price. The t-shirt read (( #more boyfriends than t.s. )) on white cotton in silver glitter.
$ANF a matrioska of h&sdespite rsi w/ div +
potential h&s on the bigger picture could ruthless at this point
eps tomorrow bmo
no position
