Abercrombie's most recent trend suggests a bearish bias. One trading opportunity on Abercrombie is a Bear Call Spread using a strike $41.50 short call and a strike $46.50 long call offers a potential 9.65% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $41.50 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock rose above the $46.50 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 38.14 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 10-Q, Quarterly Report
Fri, 05 Sep 2014 20:52:12 GMT
Street Signs plays CEO swap
Thu, 04 Sep 2014 18:44:00 GMT
CNBC – Ahead of Friday's jobs report, CNBC's Herb Greenberg and the “Street Signs” crew, look at which companies are in desperate need of new leadership. Jeff Sonnenfeld, Yale School of Management, …
3 Back to School Apparel Trends Your Teen Is Craving
Wed, 03 Sep 2014 12:27:00 GMT
Abercrombie resolves CEO pay lawsuit, to tighten governance
Tue, 02 Sep 2014 21:00:06 GMT
Back to School with Gap and Abercrombie & Fitch?
Tue, 02 Sep 2014 19:17:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook