A-B-C wave completed, this is bearish set up and ANF will have hard time rising up from here. Add in insiders cashing out, retail sales that have peaked and haven't moved anywhere in the past year, and ever tighter consumer budget.
On the other hand, we still have very strong/resilient economy and maximum employment (people still have income and will go shopping). However, not much upside from here and ANF is one of those companies that aren't really profitable (consistently).
On the other hand, we still have very strong/resilient economy and maximum employment (people still have income and will go shopping). However, not much upside from here and ANF is one of those companies that aren't really profitable (consistently).