ANF is set to jump.... It's long overdue based on the decline over the past 3 months which was mostly economy driven, this stock is now well undervalued at $43. I believe the 9% jump today is testament to the correction in the works and we'll seem this pan out over the next couple weeks. Reference comparable companies like American Eagle Outfitters (AEO) and Aeropostale (ARO), which have historically moved in-line with ANF and their SP has jumped recently in comparison.
Coming off a 52 wk high of $78.25 we've got some serious gains if the recovery is anything like the competition on the clothing mfg/retail market.
This is one of my favorites at the moment, resources aside. See you at the top!