ANF, Are You Back?
ANF was one of the market’s great trades in 2023 and 2024 before topping out and entering a stage 4 decline.
This week, it delivered a massive earnings episodic pivot on heavy volume. Price has held the gap and is now tightening into what looks like a developing pennant near the highs.
The latest quarter received a meaningful boost from tariff refunds, but forward estimates still point toward renewed earnings growth and an improving sales outlook. That makes this potential turnaround worth watching.
We will see whether the fundamentals continue to improve and price confirms. I’m a sucker for flags and pennants, and ANF has my attention.
