Stocks Trade Idea of the Week
Abercrombie & Fitch Co (ANF) is your Stocks Trade Idea of the week
As the markets move higher, the theme of looking for short squeeze setups continues. Trade Ideas technology points to a possible trend change in ANF with 35% of the float nervously sitting short. It has been a rough year for short sellers across the board so there is no reason to think the large group of short sellers in ANF have taken notice of this fact.
he trigger for this stocks trade idea position to go live is a print of 12.63. The suggested stop is 11.63. The idea is to risk 1 dollar to make 3. So that gives us a price target of 15.63. If the price action moves much higher from here, it may force discouraged short sellers to cover (buy) and make for nice upward price action in quick fashion. As usual, only risk an amount of shares that will keep your maximum loss under control should ANF move down past 11.63.
You can also Check out “Holly” our New Artificial Intelligence Trade Ideas Investment Discovery Engine on our Showcase Page on the My Trading Buddy WebsiteYou Can also view our LIVE Stocks Watchlist on the My Trading Markets Analysis Magazine HERE – with Three groups of Stocks to Watch during the week. The Stocks Watchlist data will be for; Top 5 Stocks Up the Most over 5 Days % with Positive EPS, Top 5 Biggest % Movers into the Close and Top 5 Turnaround Candidates after Gap down.
Interactive Chart: We have included an interactive chart below where you can keep an eye on the ANF, Abercrombie & Fitch Co, Stocks Trade Idea. Pop out the chart, change time frames and use drawing tools and large library of trading indicators. You can do all your analysis on Abercrombie & Fitch Co, ANF, right here in this post.
Please remember that Trade Ideas does not suggest day trading this type of alert. The idea behind the Trade of the Week is to give our customers opportunities that they may be able to stay in for an extended period of time. Please use proper risk management when making investment decisions.