ANF trade ideas
EARNINGS PLAY: ANF NOV 25TH 14.5 SHORT PUTPutting this on a touch early ... . High implied volatility rank/high implied volatility in advance of earnings. I'm looking for a volatility crush after earnings announcement and, of course, bullish or sideways movement ... .
Metrics:
Probability of Profit: 74%
Max Profit: $48/contract
Max Loss/Buying Power Effect: $1402 (assuming the stock goes to 0, and you do nothing); buying power effect is broker dependent)
Break Even: 14.02
Notes: I'll watch this closely. If I get bullish movement plus an ensuing volatility collapse, I'll look to take it off near worthless. Alternatively, if it breaks the short put, I'll roll it out for additional credit, as I'm not particularly interested in owning the stock.
ANF at support going back to last century.Technically Speaking
Trading a levels that have proven reliable going back to 1998.
What to do?
News flow is all bad. Will this company turn it around?
Question is, what are you willing to bet to find out?
Bulkowski's Ugly Double BottomsUgly Double Bottoms: Identification Guidelines
Characteristic Discussion
Price trend Downward leading to the chart pattern. For best performance, choose patterns at the bottom of the downtrend, not as part of a congestion region in an uptrend.
Shape Looks like a double bottom with unequal bottoms. The second bottom should be at least 5% higher than the first, be similar in shape, and a consecutive minor low (no intervening low).
Volume Recedes 81% of the time
Breakout Upward when price rises above the highest high between the two bottoms.
Confirmation The pattern confirms as a valid one when price closes above the peak between the two bottoms. If price does not close above the confirmation price then it's not an ugly double bottom.
ANF Possible ReversalANF has solid fundamentals, 50% below its 52 week high along with being 5% above its 52 week low. It also appears to be transitioning into a bullish state. I also found an article on Yahoo Finance pushing it as one of 5 stocks to buy. Entry $15.95 Target $22.53 if not more.
finance.yahoo.com
finviz.com
Swing Trade opportunity in ANF : LONGRSI bull Divergence and my custom indicator point to a swing trade for Long in ANF
I took a long position at 16.85
Stop : 15.84
TP1 : 18
TP2:19.8
TP3 : 22
I had posted a similar trade sometimes back which yielded me close to 20%
ANF - AMBERCROMBIE GOING FOR ONE MORE WAVE UP?ANF has broken daily downtrend (red line) with a bullish divergence and a strong impulse. If the rising trendline holds i'm expecting one more wave up. Are the earnings going to push the market higher on 30 August or are they going to break the rising trendline? Let's see how it develops.
Brace for a big upswing in Abercrombie ANFAbercrombie ANF has been a terrible fall after the earning and still the negative news keeps on coming. However technicals are saying the downturn may be pretty close to be over. Since the recent massive down trend its forming a solid base and the RSI is showing up a healthy bullish divergence just sort of erupting into price action to the upside.
Also it has been a strong buy on my own indicator which is pretty accurate. I will expect an 20-30% upswing from here. However before any big move up there could be a still a small leg down.
This is a very high probability swing trede.
I will buy a 30% of my swing trading investment capital and continue accumulate in 2 more chunks of 30% it if it goes a little down from here or if there is a breakout.
I am expecting a breakout to show up in next week or may be next month as the indicators are evolving on a 4hr chart.
I will have a 10% risk with a 20-30 % reward for this trade. Best of luck...
ANF - Long (19MAY16)**********
Trade Direction: Neutral (hold until for consolidation & RSI drops)
Execute Price: $69.68 (look for short term pull back at around $23.50 for entry.
Price Target: $25.83
Stop Loss Target: $22.88 (2.93%)
Time Frame: 1-2 weeks
Cross at the EMA50 could signal a trend reversal upward. however RSI shows the stock could overbought. Wait for further consolidation before decision.
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We are waiting for next EarningsIf good Earnings, confirming cup with handle. And then go to the credit spread
ANF OPTIONS EARNINGS PLAYI found another possible play in addition to COST and that is in ANF, which announces on Tuesday before market open.
The current implied volatility rank is 76, and its implied volatility is 97, so it would meet my general high implied volatility/high implied volatility rank standards for a premium selling play.
Given the price of the underlying, I would probably go short strangle (you won't get squat if you go iron condor on a sub-$30 underlying, usually):
March 11th 24/33
Probability of Profit: 74%
Max Profit: $105/contract
Buying Power Effect: Undefined
... but I'll probably look at tweaking this on Monday, depending upon what happens with price during the session.
$ANF - Manipulation?After a huge 25% run in 12 days , tomorrow will determine if this stock should go any further.
Entry: 28.30
Target 1: 27.00
Target 2: 25.00
S/L: 30.11
Abercrombie & Fitch - Long
Prices moving sideway within channel
Cup and Handle formation
Looking for a quick burst to 52w high
Short Term indecisiveStill caught in this high pennant. A break out 27.50 is bullish. Flush of 25 sends this down
ANF repeating pattern of touching support and then gap acrossANF has a recent history of bouncing off support and then jumping across to the other side with a big gap. In addition, this stock has formed an inverse Head and Shoulders pattern which has been confirmed by crossing the neckline. The normal target would be around $32, but with horizontal resistance and trend line resistance, I don't think it will make it up that high. My target is $30.98.
I recommend buying 1/2 a position now, and saving the other half in case the stock comes back and tests the support line around $23.71. If so, then buy the second 1/2 and wait for the stock to hit the target. My short is placed at $22.48.
Good luck!
ANF breakout tradeAnalyst upgrades pushed the underlying up in excess of 3% and the price above the key level of $23. The price sits above the 5/15 and 50 day EMAs and increasing volume over the last 3 sessions is indicative of buying pressure.
ANF Day Trade Retest Gap (Brad Reed Mar5,2015)ANF expected to open at 19.82 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
