Abercrombie & Fitch: Contrarian's Delight, Makes My Long-Term Buy List

  • Abercrombie & Fitch is a classic contrarian situation developing. Down 50% in 6 months, a catalyst will help, and patience will be required. But at 7x earnings, this one is "there" price-wise. I highlight a technical aspect of ANF's weekly chart, which increases my confidence in this stock long term.