globalfinancialengineering
Long

We are now bullish on Abercrombie

NYSE:ANF   ABERCROMBIE & FITCH CO
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.
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


Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.
Dr Glen Brown is the President & CEO of Global Financial Engineering,Inc and Global Accountancy Institute,Inc
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