Global Financial Engineering Blog For Abercrombie & Fitch Co. (ANF)

Global Prop

Global Financial Engineering Blog For Abercrombie & Fitch Co. (ANF)

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names. As of August 30, 2018, it operated approximately 850 stores in North America, Europe, Asia, and the Middle East. The company sells products through its stores and direct-to-consumer operations; various third-party wholesale, franchise, and licensing arrangements; and e-commerce sites, including abercrombie.com and hollisterco.com. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

Abercrombie & Fitch Co trade above its Short-Term Down Trend Line at $21.40 and is currently trading at $21.61.

We are now bullish on this stock and will now execute a long term position trading strategy for this stock.

We will execute our first block of trade at $21.67 for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range ( 4 x 0.6720=$2.688) below our entry point at  $21.67 . This will give us an Exit Price of $18.98 if our bullish analysis is wrong.

This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.

Price Target 1: $25.00
Price Target 2: $28.66
Price Target 3: $31.25
Price Target 4: $37.50

We are now bullish on Abercrombie by globalfinancialengineering on TradingView.com

About Author

Related posts

Global Prop

GLOBAL FINANCIAL ENGINEERING SWING TRADING STRATEGY FOR Envela Corp(ELA)

n light of the above trend analysis we will execute a bullish trade on Envela Corp(ELA) using Global Trading Strategy #6 on the Global Automated Trading System #3 which trade in the direction of the Global Daily Time Bars (GDTB). This is an above risk trade..

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.