Abercrombie's most recent trend suggests a bullish bias. One trading opportunity on Abercrombie is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 14.16% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $37.00 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 above 80 which suggests that the stock is in overbought 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
The Key to Urban Outfitters Isn’t Urban Outfitters
Fri, 20 Jun 2014 19:02:18 GMT
ABERCROMBIE & FITCH CO /DE/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
Thu, 19 Jun 2014 20:34:07 GMT
Abercrombie & Fitch Installs Mobile Charging Stations
Wed, 18 Jun 2014 14:56:00 GMT
Is There Any Chance of a Rebound for These 3 Brands?
Tue, 17 Jun 2014 19:08:17 GMT
ABERCROMBIE & FITCH CO /DE/ Financials
Tue, 17 Jun 2014 17:04:13 GMT
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