Abercrombie & Fitch Co. (NYSE:ANF) Down 10.19%, Dean Foods Co (NYSE:DF) Down 50.32%
Northern, WI 05/24/2013 (GDPInsider) – Abercrombie & Fitch Co. (NYSE:ANF) started today’s trading at 50.61, 3.76 down on its previous close of 54.37. The stock is down 10.19% and has a range of 47.94 and 51.79. The down trend comes on the back of strong volume of 6.497 million, a 267.89% increase on average volume of 1.766 million. ANF is trading 11.73% below its 52-week high of 55.23 and 72.47% above its 52-week low of 28.27.
ANF’s decline comes amid a firestorm of controversy in which its CEO, Mike Jefferies, stated that the company only targets attractive customers and a poor first quarter 2013 fiscal performance. Analysts had predicted a Q1 2013 loss but ANF posted a wider than expected Q1 loss.
Shares in ANF are trading 6.33% below their SMA20 and 0.90% below their SMA50. The stock has a RSI of 39.84 and analysts have set a target price 53.96. Despite the sluggish trading today ANF still has a positive outlook. EPS this year is expected to jump 78.25% and EPS Q/Q has grown 346.06%.
Is ANF a solid investment at these levels? Get exclusive data and trends here.
Dean Foods Co (NYSE:DF) is down 50.32% after starting trading today at 9.82, 10.59 below its previous close of 20.41. The day’s range is 9.59 and 10.14 and volume has been very strong at 9.039 million shares. Today’s trading activity represents a 98.09% increase on average volume of 4.563 million shares. DF is trading 52.47% below its 52-week high of 21.06 and 14.15% below its 52-week low of 11.66.
The strong decline in DF comes amid news WhiteWave Foods, maker of Horizon Organic and Silk Soymilk, has completed its spinoff from DF. WhiteWave is now officially a standalone company although DF continues to own a 19.9% stake in the company.
DF is heavily oversold and has a RSI of 17.68. Shares are trading 48.84% below their 20-day simple moving average and 46.18% below their 50-day simple moving average. 186.56 million shares are outstanding in DF and analysts have set a target price of 22.50.
How Should Investors Trade DF Now? Get exclusive insights and updates here.
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