Abercrombie's most recent trend suggests a bearish bias. One trading opportunity on Abercrombie is a Bear Call Spread using a strike $28.50 short call and a strike $33.50 long call offers a potential 9.41% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $33.50 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 41.41 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 & FITCH CO /DE/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a
Thu, 04 Dec 2014 22:17:57 GMT
BYE FELICIA: Millennials And Why Teen Retail Tanked
Thu, 04 Dec 2014 21:16:38 GMT
Strong Gap November sales
Thu, 04 Dec 2014 21:00:00 GMT
Abercrombie & Fitch (ANF) Stock Declines Today After Lowering Full Year Guidance
Thu, 04 Dec 2014 20:58:00 GMT
Exam Time Makes Teen Retailers Nervous
Thu, 04 Dec 2014 17:16:04 GMT
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