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.
>>
Subscribe to our posts.
No comments:
Post a Comment