Abercrombie's most recent trend suggests a bearish bias. One trading opportunity on Abercrombie is a Bear Call Spread using a strike $33.00 short call and a strike $38.00 long call offers a potential 15.21% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $33.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock rose above the $38.00 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 35.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Abercrombie
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Tue, 17 Dec 2013 20:26:18 GMT
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Abercrombie Shares Lose Momentum
Tue, 17 Dec 2013 14:30:04 GMT
Zacks – Shares of Abercrombie touched a new 52-week low of $31.69 yesterday before closing at $31.89.
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Mon, 16 Dec 2013 22:39:41 GMT
USA TODAY – Holiday shoppers stay busy online, while physical stores lag
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Sun, 15 Dec 2013 19:02:02 GMT
Motley Fool – Or do their actions really serve the needs of outside investors?
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Sat, 14 Dec 2013 18:12:31 GMT
Motley Fool – American Eagle, Abercrombie & Fitch, and Aeropostale are often mentioned in the same breath, but one of them faces more headwinds than the other two.
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