Thursday, November 29, 2012

ANF new Dec month trade, Nov/29/2012

It's tough to short a stock that is overbought but I think ANF is almost approaching a point where it is finding hard to go any higher. One can see dissipating upward pressure in daily and weekly charts. I do not see ANF going under $40 so if it goes in my direction in the next few days, I will try to convert this into some logical spread.
Daily chart
















Weekly chart


















Abercrombie & Fitch Co. (ANF) Puts:  
Buy $45 Dec put
(Paid $1.3) 

*Please do your own research before buying any stock listed here. Disclaimer.
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