Abercrombie & Fitch (ANF) Crossed Above the 200-Day Moving Average: What That Means for Investors
A&F(ANF) ZACKS·2024-11-25 23:31
Abercrombie & Fitch (ANF) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ANF crossed above the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a suppo ...