Abercrombie Stock Forecast Returns 23.21% in Less Than 30 Days

Abercrombie & Fitch (ANF)

Abercrombie & Fitch (ANF) was a top 10 stock pick recommended to I Know First subscribers on May 29th for the 1-month time horizon. Abercrombie had a signal of 1.63 and a predictability of 0.05. As predicted, ANF gained 23.21%.

This preppy retailer is well positioned for successful summer and back to school shopping sessions.  The company thrives in multiple areas, such as its solid cash flow, reasonable debt levels, and expanding profit margins.  However, despite having a strong past month, the stock has drastically underperformed this past year when compared to the S&P 500.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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