RSI Flashes Caution as ANF Extends to $126.84

Abercrombie & Fitch Co (ANF) traded flat at $126.84 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($120.67) with a bullish stack. The 21-day EMA at $109.71 provides support.
• Momentum: RSI at 82.9 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (11.51 vs signal 10.57).
• Volatility: Bollinger Band width at 40.4% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $88.13, Resistance at $132.80.