For Today’s Exactrade of the Day we are looking at ANF, Abercrombie & Fitch: *ANF *is gapping up into possible resistance on the daily chart. Look to take *ANF* short on a new low below the open with strong volume. Wait at least 2 minutes after the maket open and look to take it short once it makes a new low of the day. If *ANF *moves up at the open simply set an alert at the low of day and take it short if it breaks that low of day. First target is .40 from your entry, second target is .80 from your entry. Manage the last piece with a trailing stop. Remember to always use a stop. To Your Success, Statistics: Posted by Exactrades — Wed Nov 14, 2012 10:19 am
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Stock Watch • ANF, Abercrombie & Fitch