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TMCNet:  SmarTrend Watching for Potential Rebound in Shares of Abercrombie & Fitch After 4.46% Loss

[February 22, 2013]

SmarTrend Watching for Potential Rebound in Shares of Abercrombie & Fitch After 4.46% Loss

Feb 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Abercrombie & Fitch (NYSE:ANF) traded in a range yesterday that spanned from a low of $45.00 to a high of $48.85. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $47.91 on volume of 13.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that subscribers consider buying shares of Abercrombie & Fitch on November 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.43. Since that recommendation, shares of Abercrombie & Fitch have risen 21.3%. We continue to monitor ANF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Abercrombie & Fitch have traded between a low of $28.64 and a high of $54.10 and are now at $46.86, which is 64% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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