ANF trade ideas
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
Abercrombie & Fitch - Sell OffPlease see details on the chart.
Price has been descending for a good few years now and I believe this stock has got a little more price to shave off; prior to earnings report on the 02/25/15.
ANF - Price hitting top of downward channelANF has been experiencing a significant downward trend since early September. Each time price has hit the top of the downward channel, price has dropped, continuing the downward trend. Price tends to continue in a trend / channel.
Pros:
1. Price is in a daily bollinger band squeeze
2. OBV continues on a downward slope (often an indication of the direction of the squeeze)
3. Weekly chart shows daily consolidation as a bear flag
4. Price passed through long term support @29.21 and retraced back. This is in the same area of the downward trend.
5. Overall market is showing a lot of weakness right now which will help put pressure on price.
Cons
1. Oscillators showing divergence (MACD& Stochastic)
2. Price has not fallen as fast as it has in the past when top of channel was touched
3. Has fallen $16.56, or 37%, over the last 4 months. Volume has increased recently without significant price spikes. This can indicate institutions are seeing this as a value stock and price has bottomed out.
ANFANF consolidated and bottomed short term here.
inverse H&S and break neckline at 39$ 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
