Why the high growth investor may take a look at NYSE:ANF.

Our stock screener has detected a potential breakout setup on ABERCROMBIE & FITCH CO-CL A (NYSE:ANF). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:ANF.

Insights from Technical Analysis

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 8 out of 10 to ANF. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, ANF did better than 89% of all other stocks. On top of that, ANF also shows a nice and consistent pattern of rising prices.
• ANF is one of the better performing stocks in the Specialty Retail industry, it outperforms 78% of 120 stocks in the same industry.
• ANF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ANF is lagging the market slightly.
• In the last month ANF has a been trading in the 133.81 - 161.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of ANF contains the most current technical analsysis.

How does the Setup look for NYSE:ANF

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:ANF is 8:

Besides having an excellent technical rating, ANF also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 149.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ANF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Some of the high growth metrics of NYSE:ANF highlighted

• ABERCROMBIE & FITCH CO-CL A has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 36.61% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• The quarterly earnings of ABERCROMBIE & FITCH CO-CL A have shown a 36.61% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The operating margin of ABERCROMBIE & FITCH CO-CL A has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• With a favorable trend in its free cash flow (FCF) over the past year, ABERCROMBIE & FITCH CO-CL A demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• ABERCROMBIE & FITCH CO-CL A has a healthy Return on Equity(ROE) of 41.58%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• ABERCROMBIE & FITCH CO-CL A exhibits a favorable Debt-to-Equity ratio at 0.0. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• ABERCROMBIE & FITCH CO-CL A has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• ABERCROMBIE & FITCH CO-CL A has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 89.73 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. ABERCROMBIE & FITCH CO-CL A is well-positioned for potential price growth opportunities.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.