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• 100% technical buy signals
• 10 new highs and up 16.25% in the last month
• 109.90+ Weighted Alpha

The Chart of the Day belongs to apparel retailer Abercrombie & Fitch (ANF). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 7/17 the stock gained 15.45%.

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ANF Price vs Daily Moving Averages

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 109.90+ Weighted Alpha
• 103.49% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 16.25% in the last month
• Relative Strength Index 71.89%
• Technical support level at $41.56
• Recently traded at $43.20 with 50 day moving average of $37.62

Fundamental Factors:

• Market Cap $2.16 billion
• P/E 45.18
• Revenue expected to grow by 3.90% this year and another 2.60% next year
• Earnings estimated to increase 784.00% this year, an additional 19.90% next year and continue to compound at an annual rate of 18.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 2 strong buy, 9 hold, 4 under perform and 1 strong sell
•  Analysts have a very wide price target of $18 to $47 with a consensus of $40.33
• Here's where it gets interesting!  Who do you believe???
• The individual investors following the stock on Motley Fool voted 791 to 333 for the stock to beat the market with the more experienced investors voting 192 to 57 for the same result
• Value Line gives the stock an above average rating of 2 with a price target of $46 for a slight gain
• CFRA's MarketScope rates it a 2 star sell with a price target o $23
• 20,400 investors monitor the stock on Seeking Alpha

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