Abercrombie & Fitch Co.(ANF - Free Report) was a big mover last session, as the company saw its shares rise over 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.15 to $10.24 in the past one-month time frame.
The move came after the company reported better-than-expected second-quarter 2017 results.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past month, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Abercrombie & Fitchcurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Retail-Wholesale is The Children's Place, Inc. (PLCE - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ANF going up? Or down? Predict to see what others think: Upor Down
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
See Stocks Now>>