This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Retail Trades for Black Friday

Abercrombie & Fitch

It's been a tough year for apparel retailer Abercrombie & Fitch (ANF - Get Report) -- shares of the mid-cap clothing stock have slid 10% year-to-date, underperforming the broad market by a considerable margin. But investors look due for a reprieve.

ANF has spent most of the second half of the year consolidating sideways in a channel, bouncing around between resistance at $40 and support down at $30. But that changed last week with Abercrombie's third quarter earnings call -- the firm announced solid numbers that spiked shares by almost 34% overnight. More importantly, it broke ANF out of the channel that had been hamstringing shares in that range. With resistance at $40 long gone, this stock has more room to run higher.

ANF's next meaningful resistance level comes in at $53, giving this stock considerable upside before hitting a pocket of previously known supply of shares. If you decide to bet on more upside in ANF, I'd recommend keeping a tight stop just below $40 -- there's still a lot of volatility in this name.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LTD $0.00 0.00%
ANF $19.96 0.00%
HD $113.07 0.00%
M $69.95 0.00%
TGT $79.49 0.00%

Markets

Chart of I:DJI
DOW 17,440.59 -127.94 -0.73%
S&P 500 2,067.64 -12.01 -0.58%
NASDAQ 5,039.7760 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs