Great Buy for ANFAbercrombie & Fitch had a huge sell off after earnings were below average making RSI oversold. Huge potential for recovery especially with plans to sell CBD products at 160 stores. Possible 20% returns short term.
ANF trade ideas
12% stock buyback was very well timed for longs in Abercrombie&FShares of Abercrombie & Fitch Co. ANF, rallied 2.3% in premarket trading Friday, after the apparel retailer announced a new stock repurchase program representing more than 10% of the shares outstanding. The company said it can now buy back up to 7.6 million shares, which at Thursday's closing price of $15.35 would be valued at $116.7 million. Based on about 65.7 million shares outstanding as of June 7, the company could buy back up to 11.6% of the total. "This new share repurchase program reflects our ongoing confidence in our long-term strategy," said Chief Executive Fran Horowitz.
From a technical perspective the chart is starting to show signs of selling exhaustion, and given the high short interest we will keep a close watch on the short covering to begin if the stock can hold above the current level.
AVERAGE ANALYSTS PRICE TARGET $20.69
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 10
SHORT INTEREST 23%
Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH.
$ANF REVERSAL OPPORTUNITY AFTER 45% DECLINE IT HAS BEEN A DRASTIC DECLINE FOR NYSE:ANF LOSING 45% IN 1 MONTH, THIS PROVIDES A POSSIBLE OPPORTUNITY FOR A REVERSAL/BOUNCE TRADE FROM EXCEPTIONALLY OVERSOLD TERRITORY.
WE EXPECT SOME MORE DOWNSIDE AND A TEST OF SUPPORT AT $15.80 OR $14.20. SELLING HAS BEGAN TO DECLINE, WITH DECREASING VOLUME AND SOME BOTTOM FEEDERS HAVE STARTED TO NIBBLE ALREADY. THE RETAIL SECTOR IS UNDER FIRE BUT ANY GOOD ECONOMIC NEWS, A RATE CUT OR TRADE SETTLEMENT WITH CHINA SHOULD HELP STABILIZE THE SECTOR WHICH HAS VERY HIGH CHINESE MANUFACTURING EXPOSURE.
ANF go south, stop loss save situationWrite sometning about your psyhology thinking before trade? good mood
Describe the trade. What you see? clasical trade between borders, I trade countertrend
What have I done well for this trade? Enter point and stop loss was put appropriate
What can I take away to help with later trades? try to not trade countertrend it is harder
Coaching Talk? yes another good trade
Abercrombie & Fitch ANF american Stock short opportunitiesAbercrombie & Fitch ANF american Stock short opportunity at weekly supply level. Abercrombie weekly supply level around $27 per share has taken control, the imbalance is very strong with lot of room for price to keep on dropping much lower to lower weekly demand level. There is a great daily supply level around $27 that also gained control. Nothing to stop price from falling at least until $21.50.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.You can use these imbalances to plan your trades in lower timeframes. There are several ways of buying stocks. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads.
Q4 Earnings Beat & Robust Viewdigital business continued to perform well, backed by robust momentum across both brands and geographies. Digital channel sales surged 36% in the fiscal fourth quarter while reaching a milestone of crossing the $1-billion mark in annual sales.
Comps increased 3% in the fiscal fourth quarter on the back of strong cross-channel traffic, owing to the positive outcome of the company’s marketing and loyalty investments.Comps growth was mainly driven by strong performance in the United States.
Gross margin of 59.1% in the fiscal fourth quarter improved 70 basis points (bps) from the prior-year quarter.
finance.yahoo.com
finance.yahoo.com
betting on its remodelled stores and the popularity of its Hollister brand to attract more young shoppers.
stores with a new format are proving to be "highly productive" and the company would continue to invest in them.
The company's Abercrombie brand has been fighting falling sales as young shoppers shunned its trademark logo-emblazoned designs for fast-fashion brands and cheaper clothes online.
Abercrombie is investing in its loyalty program and using social media influencers to promote its new products including its "Fierce" perfume with brand-specific hashtags.
finance.yahoo.com
$ANF$ANF, yeahhh went as low as $9.. should look in history what ER's gave en what their earningswishpers are..
$ANG$ANF yeahhhh abercrombie, went as low as $9 because of less selling, should look what their ER says and how last ER's were
We are now bullish on Abercrombie Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names. As of August 30, 2018, it operated approximately 850 stores in North America, Europe, Asia, and the Middle East. The company sells products through its stores and direct-to-consumer operations; various third-party wholesale, franchise, and licensing arrangements; and e-commerce sites, including abercrombie.com and hollisterco.com. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.
Abercrombie & Fitch Co trade above its Short-Term Down Trend Line at $21.40 and is currently trading at $21.61.
We are now bullish on this stock and will now execute a long term position trading strategy.
We will execute our first block of trade at $21.67 for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range ( 4 x 0.6720=$2.688) below our entry point at $21.67 . This will give us an Exit Price of $18.98 if our bullish analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $25.00
Price Target 2: $28.66
Price Target 3: $31.25
Price Target 4: $37.50
Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.
Gems in a bear market rally: A familiar pattern in ANF!As I try to let my bullish projections play out , I always find it better to trade single stocks as longs rather than simply trade the futures. If you do it right, you should get a higher bang for your buck. Conversely, in bear markets like these, when it's time to go short you need only to trade the indexes.
Highlighted in the chart is yet another inverse head and shoulders pattern -- this time in ANF. If the pattern plays to fruition, we should see it fill the gap at $25.60
Fundamentally, Abercrombie is in the midst of a 4 year turn around story as it tries to save its brand after falling out of style. It failed to rally over the past 10 years like every other stock on the planet, so we won't find it as levered to market price action as other stocks. Additionally, it recently reported its 5th consecutive quarter of same-store-sales growth. Furthermore, retail names have been rallying on the back of a solid holiday season.
I think we can buy ANF on a breakout of the neckline at $21.30 with a target of $25.50 and a stop at $19.
Buy for 2-4 week reboundHitting support.
Not good to buy and hold through long weekends for traders, but this one will probably take more than a few days to reach its next peak. Expecting to hold for a month. If it starts to dip, will either sell and re-buy at the second level of support or just add to position at second support depending on RSI
Know before you go.
$ANF - Weekly cup and handle!Could see this move aggressively toward ~28.70 as PT. Second leg could push to ~31.81. Short float at 17.45% could lead the charge if price can approach first target breakout.
