DailyPlay for Monday June 1st, 2015 – Abercrombie & Fitch Co. (ANF)

The bearish DailyPlay we chose for Monday June 1st is Abercrombie & Fitch Co. (ANF). ANF is part of the Retail Sector (XRT). XRT’s 1-month trend has turned bearish after bouncing off its 50-day moving average and looks positioned to continue lower.

Abercrombie & Fitch Co. recently crossed below its 50-day moving average as both 1-month and 6-month trends have turned bearish. With a technical score of 2 (out of 10) and bearish momentum, ANF looks positioned to move lower towards its $19.34 support level.

View this trade idea on $ANF