Shares Struggling Near-Term: Abercrombie & Fitch Co. (NYSE:ANF)

The main US indices ended Friday’s session weaker, as US economic growth cooled to the slowest pace in three years in the first quarter and geopolitical concerns reemerged.

Abercrombie & Fitch Co. (NYSE:ANF) stock has moved in a downward direction this week, causing concern for some investors.  Based on the recent close, the shares have dropped -0.24% over the past five trading days.  Looking slightly further out, the stock is 4.92% year to date.  With increased market volatility, stakeholders will likely be deciding whether or not now is a good time to cut losses or double down on the pullback.

Analyst’s Take
Wall Street analysts are still seeing some upside to Abercrombie & Fitch Co. (NYSE:ANF) despite the recent move. Sell-side firms, on a consensus basis have a $12.56 price target on the name and a 3.50 recommendation, according to First Call. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell.

In taking a look at technical levels,Abercrombie & Fitch Co. (NYSE:ANF) shares are trading -1.68% away from the 50 day simple moving average and -9.27% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -47.54% away from it’s 52- week high and 16.37% away from its 52 week low.

After the recent decrease, investors may also look to see if the stock has entered oversold territory and could possibly ripe for a reversal.

Traditionally a stock is considered to be oversold when the Relative Strength Index moves below 30As of writing, Abercrombie & Fitch Co.’s RSI stands at 44.41 . In looking at volatility levels, the shares saw weekly volatility of 2.82% and 4.40% over the past month.

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