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Byline: Craig Shaw
Abercrombie & Fitch is adding a handle to its 14-week base. The stock declined 23% while shaping its pattern and found support at its 200-day moving average.
The apparel retailer's Relative Price Strength Rating of 66 is lower than you'd prefer, though it's improved from 39 in the past two months. Down weeks on above-average trade in its base outnumber up weeks 4-1. You'd rather see more up weeks on heavy turnover, showing accumulation by mutual funds.
Abercrombie has lifted profit and sales by double digits for five straight quarters. Its EPS Rating of 89 and SMR Rating of A indicate a sound fundamental ...