The Relative Strength (RS) Rating for Abercrombie & Fitch stock headed into a new percentile Friday, as it got a lift from 69 to 74.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Abercrombie & Fitch stock can continue to rebound and hit that benchmark.
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Is Abercrombie & Fitch A Buy?
Abercrombie & Fitch stock reclaimed its 50-day moving average on Friday. The retail stock is not currently in a proper buying range. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The young adult retailer showed 127% earnings growth last quarter. Revenue gains came in at 21%. Keep an eye out for the company's next round of numbers on or around Nov. 26.
Abercrombie & Fitch stock earns the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group is the top-ranked stock within the group.
