Options Traders: Time To Buy The Dip On This Struggling Retail Stock
1. ANF dropped 15.7% this week after disappointing guidance. 2. Stock is testing a historically bullish trendline at its 320-day moving average. 3. ANF averaged a 10.3% return one month after testing this trendline. 4. Short interest is down 9.5%, but a short-squeeze is possible. 5. Current metrics suggest options may be attractive for traders.