Bullishcharts

$ANF Option traders see reversal Abercrombie % Fitch

Long
NYSE:ANF   Abercrombie & Fitch Company
Entry level $17.50 = Target price $21.00 = Stop loss $16.60
Considerable high options call traded signalling a positive move in the weeks to come.
Technically broken out of well defined channel, possible back test before move higher.
P/E ratio 17.20
Yield 4.61% quite rewarding.
Very high short interest @20.58% , short covering could ignite a rally on any positive news.

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