Abercrombie’s most recent trend suggests a bearish bias. One trading opportunity on Abercrombie is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 23.15% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $41.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Abercrombie is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Abercrombie is bearish.
The RSI indicator is at 49.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Abercrombie
Analysis – U.S. retailers tread tight path in shortened holiday race
Mon, 11 Nov 2013 22:10:28 GMT
Go global luxury and accessories: Pro
Mon, 11 Nov 2013 22:06:00 GMT
CNBC – Liz Dunn, Macquire Capital, explains why this holiday season may be rough for retailers like JC Penney. Stocks with global story and a luxury angle are better places to be, she adds.
Lululemon Is Acting a Lot Like Abercrombie & Fitch
Mon, 11 Nov 2013 22:04:06 GMT
Motley Fool – Both Abercrombie & Fitch and lululemon athletica have founders who just can’t seem to stop embarrassing the companies. When will these guys shut up?
Analysis: U.S. retailers tread tight path in shortened holiday race
Mon, 11 Nov 2013 05:08:16 GMT
Reuters – U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales. A late Thanksgiving – the unofficial kickoff for holiday sales – has lopped six days off the gift-buying season. The battle for retail dollars is so fierce that even Uncle Sam will be delivering on Sundays in some locations this holiday season. Amazon.com Inc announced on Monday that it would be the first retailer to partner with the U.S. Postal Service to offer Sunday delivery beginning November 17 in the New York and Los Angeles areas as it looks to give shoppers more shipping options.
Teens Flee Abercrombie for Upstarts as Phones Top Malls
Mon, 11 Nov 2013 05:01:00 GMT
Bloomberg – Teens don’t shop the way they used to.
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