When Abercrombie & Fitch (ANF) Moves Investors should Listen

September 22, 2022, 21:45 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Abercrombie & Fitch (NYSE: ANF) report below is a real world example. Included are trading plans for ANF, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for ANF

• Buy ANF slightly over 11.74 target 17.10 stop loss @ 11.71 Details

The technical summary data tells us to buy ANF near 11.74 with an upside target of 17.10. This data also tells us to set a stop loss @ 11.71 to protect against excessive loss in case the stock begins to move against the trade. 11.74 is the first level of support below 15.61 , and by rule, any test of support is a buy signal. In this case, support 11.74 would be being tested, so a buy signal would exist.

• Short ANF slightly under 17.10, target 11.74, stop loss @ 17.15 Details

The technical summary data is suggesting a short of ANF as it gets near 17.10 with a downside target of 11.74. We should have a stop loss in place at 17.15though. 17.10 is the first level of resistance above 15.61, and by rule, any test of resistance is a short signal. In this case, if resistance 17.10 is being tested, so a short signal would exist.

Swing Trading Plans for ANF

• Buy ANF slightly over 16.12, target 17.10, Stop Loss @ 16.07 Details

If 16.12 begins to break higher, the technical summary data tells us to buy ANF just slightly over 16.12, with an upside target of 17.10. The data also tells us to set a stop loss @ 16.07 in case the stock turns against the trade. 16.12 is the first level of resistance above 15.61, and by rule, any break above resistance is a buy signal. In this case, 16.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANF slightly near 16.12, target 15.14, Stop Loss @ 16.17. Details

The technical summary data is suggesting a short of ANF if it tests 16.12 with a downside target of 15.14. We should have a stop loss in place at 16.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ANF

• Buy ANF slightly over 15.78, target 16.12, Stop Loss @ 15.74 Details

If 15.78 begins to break higher, the technical summary data tells us to buy ANF just slightly over 15.78, with an upside target of 16.12. The data also tells us to set a stop loss @ 15.74 in case the stock turns against the trade. 15.78 is the first level of resistance above 15.61, and by rule, any break above resistance is a buy signal. In this case, 15.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANF slightly near 15.78, target 15.14, Stop Loss @ 15.82. Details

The technical summary data is suggesting a short of ANF if it tests 15.78 with a downside target of 15.14. We should have a stop loss in place at 15.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ANF Ratings for September 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	11.74
P2	15.78	15.14	17.10
P3	16.35	16.12	22.91

Support and Resistance Plot Chart for ANF

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