Abercrombie (ANF) Offering Possible 16.01% Return Over the Next 22 Calendar Days

Abercrombie's most recent trend suggests a bearish bias. One trading opportunity on Abercrombie is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 16.01% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock rose above the $32.00 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 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

Stocks are set to tumble amid intensifying fears about global growth
Wed, 29 May 2019 06:40:10 +0000
Around 5:30 a.m. ET, Dow futures indicated a negative open of more than 160 points. Futures on the S&P and Nasdaq were also both pointing lower. In corporate news, Bank of Montreal, 58.com, and Abercrombie & Fitch are some of the companies set to report their latest results before the opening bell.

Abercrombie & Fitch Q1 Earnings Preview
Tue, 28 May 2019 18:12:11 +0000
Abercrombie & Fitch (NYSE: ANF ) unveils its next round of earnings this Wednesday, May 29. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Wall Street …

Abercrombie & Fitch Reports With Negative Weekly Chart
Tue, 28 May 2019 17:21:39 +0000
The apparel and accessories retailer is expected to show continued margin improvement when it reports results on Wednesday.

Factors Influencing Burlington Stores (BURL) in Q1 Earnings
Tue, 28 May 2019 16:10:04 +0000
Burlington Stores' (BURL) robust top-line rise along with strategies to alter its business model might aid its Q1 outcomes. However, the spiraling freight cost may dent the company's bottom line.

Day Ahead: Top 3 Things to Watch
Tue, 28 May 2019 15:11:00 +0000
Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow.

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