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CINCINNATI -- CINCINNATI, June 18 /PRNewswire/ -- Today's Schaeffer's Street Chatter features Abercrombie & Fitch , America West Holdings , and Morgan Stanley . Street Chatter contains commentary and charts on stocks that are generating a notable amount of interest on Internet message boards. Street Chatter is published every day at www.SchaeffersResearch.com -- the home of Bernie Schaeffer and Schaeffer's Investment Research. For additional information about this report or to have it delivered to you free via email every day click on the following link. Each new subscriber will receive a FREE copy of Bernie Schaeffer's Options 101 CD-ROM (a $49.95 value). http://www.schaeffersresearch.com/addinfo .
(Logo: http://www.newscom.com/cgi-bin/prnh/20020725/SCHAEFFERLOGO )
Schaeffer's Street Chatter:
Abercrombie & Fitch
Late last night, news of a lawsuit filed against apparel retailer Abercrombie & Fitch broke across financial newswires. The lawsuit, which has been filed by a group of former and prospective employees of Asian and Latino descent alleges the retailer's use of discriminatory policy against those of varying race, color, or national origin. The company responded by saying it prides itself on diversity and takes these allegations very seriously. ANF officials had not yet been privy to the formal lawsuit documents as of last night's reporting. As far as ANF shares are concerned, they have recently slipped beneath their 10-day and 20-day moving averages. The stock is approaching the 26 region, which has contained a number of pullbacks so far this year. Technical analysis has proven, however, that as an area is tested more frequently, it becomes increasingly more likely that this region will fail in its support. Pessimism ranks high on the shares, as Schaeffer's put/call open interest ratio (SOIR) for the stock stands at 1.47, in the 94th percentile of all annual readings. This sentiment indicator reached an annual high on June 6.
Click the following link to see the Daily Chart of ANF Since January 2003 With 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=7912 .
America West Holdings