Abercrombie Offering Possible 24.07% Return Over the Next 11 Calendar Days

Abercrombie's most recent trend suggests a bullish bias. One trading opportunity on Abercrombie is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 24.07% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $32.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Abercrombie is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Abercrombie is bullish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Abercrombie

Abercrombie & Fitch warns of tough holiday sales
Wed, 06 Nov 2013 00:02:11 GMT
Reuters – * Comparable sales fall 14 pct in third quarter * Holiday quarter comparable sales to be down in low double digits Nov 5 (Reuters) – Abercrombie & Fitch Co reported another double-digit drop in quarterly same-store sales and warned of a tough holiday season, as the teen retailer struggles with the changing tastes of young shoppers. Abercrombie's same-store sales declined 14 percent in the third quarter, its seventh straight quarterly decline.

[$$] Abercrombie & Fitch Sees Tough Holiday Season
Tue, 05 Nov 2013 23:19:01 GMT
The Wall Street Journal – Teen-apparel retailer reported a double-digit percentage drop in sales for the recently completed quarter and expects the same for the coming holiday period.

Abercrombie Sinks on Rough Quarter
Tue, 05 Nov 2013 22:40:00 GMT
TheStreet – It was a barrel of fun trying to wade through the plethora of bad news coming from troubled teen retailer Abercrombie & Fitch Shares slumped 5.5% to $36.20 in post-market trading after Abercrombie pre-announced dismal third-quarter earnings and sales as well as the decision to close all of the stores under Gilly Hicks, its intimate apparel and active wear brand. Total comparable sales for the quarter, which includes direct-to-consumer sales, dropped 14%. U.S. comparable sales declined 14%.

A&F, sales weak, to close Gilly Hicks stores
Tue, 05 Nov 2013 22:29:02 GMT

A&F, sales weak, to close Gilly Hicks stores
Tue, 05 Nov 2013 22:29:02 GMT
AP – Abercrombie & Fitch says young shoppers are not spending money like before and reported weak quarterly sales, issued a disappointing full-year forecast and announced plans to close all of its stand-alone …

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