Abercrombie (ANF) Offering Possible 34.77% Return Over the Next 24 Calendar Days

Abercrombie's most recent trend suggests a bullish bias. One trading opportunity on Abercrombie is a Bull Put Spread using a strike $43.50 short put and a strike $38.50 long put offers a potential 34.77% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.50 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $38.50 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 at 70.7 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, Dollar General Earnings Today, Jim Cramer's Pick
Thu, 28 Aug 2014 11:20:30 GMT

Q2 2014 Abercrombie & Fitch Co. Earnings Release – Before Market Open
Thu, 28 Aug 2014 11:07:03 GMT

Wall Street to eye Q2 GDP, initial jobless claims
Thu, 28 Aug 2014 09:35:01 GMT

What to Watch on Wall Street for Thursday, August 28th 2014
Thu, 28 Aug 2014 00:00:00 GMT

Abercrombie gets trendier, and profit may follow
Wed, 27 Aug 2014 15:29:39 GMT

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