Abercrombie's most recent trend suggests a bearish bias. One trading opportunity on Abercrombie is a Bear Call Spread using a strike $41.00 short call and a strike $46.00 long call offers a potential 17.65% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $41.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $46.00 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 63.4 level which suggests that the stock is neither overbought nor oversold at this time.
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: A Decade-Long, Post-Jeffries Malaise?
Mon, 17 Mar 2014 14:53:22 GMT
ABERCROMBIE & FITCH CO /DE/ Files SEC form 8-K, Regulation FD Disclosure
Mon, 17 Mar 2014 12:47:25 GMT
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Sun, 16 Mar 2014 17:46:00 GMT
Should You Buy This Outperforming Fashion Company?
Fri, 14 Mar 2014 23:02:41 GMT
US teen retail takes hit as sales fall
Fri, 14 Mar 2014 20:57:31 GMT
Financial Times – Aéropostale, the struggling US teen retailer, lost more than a tenth of its value on Friday as the company reported mounting losses and said it would accelerate its store closure programme. The casual …
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