In need of some Technical Analysis on ANF

[blacbzkit2]

Hey guys i'm new here and am trying to get into my college's mutual fund. In order to get into the fund we have to do a Discounted Cash Flow (DCF) valuation of Abercrombie and Fitch (ANF) which i've done. I got my intrinsic value at around $70 and am pitching a sell. I know the basics of technical analysis, but this company seems to be trading sideways. I would really appreciate it if someone could post ANF's chart for the past year or few years and analyze it for me. It would be greatly appreciated.

Thanks.

-Allen

[cire2222]

sure ill see what i can come up with, welcome to the forum, Hope you enjoy

[blacbzkit2]

Originally Posted by cire2222

sure ill see what i can come up with, welcome to the forum, Hope you enjoy

Thanks, I look forward to seeing what you think.

[cire2222]

First off i must say ANF is not the most technical friendly stock. When looking at a daily chart is has no defined trend and is as about as sloppy as you can get, as a technical trader i would stay away from this stock in general. What i did is looked as some longer term charts, First you see a monthly chart. This chart shows a strong long term uptrend with the stock sitting right at a trendline, this is bullishyet we have bearish divergence in the RSI. Then you see a weekly chart, I see a rounded top with the most recent tops being lower highs, this is a bearish signal. If i had to take a side on this stock it would be the sell side in anticipation that our longer term uptrend will be broken down, I think the weekly chart is indicating this. I think this is possibly the start of a longer term down trend in this stock. Hope that helps.

[MC]

I was gonna chime in, but Cire sees the same thing I do. Great work Cire, nice to know I'm in good company on the TA here.

See Blac...I told you Cire was badass.

MC

[blacbzkit2]

Haha, thanks a lot. I've started reading a lot on technical analysis and was really interested in getting an intelligent opinion. I'll definitely keep you guys posted on how my interview goes!

[mister_doodi]

Sometimes stocks are like Buffaloes, they move in herds. Mmmm Buffalos. It helps to look at the whole sector and micro-sector. Retailers being the sector and mid-cap dual sex-youth oriented retailers being the micro-sector.

URBN, ANF, and AEO are the one Doodi would look at as a group and individually.


Now heres a chart of Abercrombie and Urban Outfitters. You see Mister Buffalo nicely climbing to the top but something is blocking ANF from doing the same. FYI, a bunch of Iroquoi indians were looking for that buffalo. Very sneaky that one. Watch out for that little valley there.

[MC]

LMFAO!!!!

Glad you put it on the smf site...I rolled when I saw it on the vbulletin one and was gonna copy it over but then you wouldn't have gotten street cred for the work.

[cire2222]

oh my that chart has me laughing my a$$ off. ahahhahaha