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Abercrombie&Fitch; Co Binary Options
Fashion has remained remarkably buoyant despite the world financial crisis. It seems people are remaining interested in the high-end purchases and quality has remained central to people’s lives. Several fashion companies feature on the stock markets as options on which one can trade binary options.
Abercrombie and Fitch Co. [A & F] offer luxury casual clothing and accessories for a young demographic. They have 300+ locations in the US and over a thousand worldwide. Their history stretches back to 1892, and their main headquarters are in New Albany, Ohio, with the second headquarters in Milan, Italy.
Abercrombie and Fitch is an interesting company on which to trade. With many legal conflicts over their pre-teen clothing styles, and perceived discriminatory hiring practices, they have faced significant legal tussles. In addition 2012 was a difficult year for the company. Declining sales brought about by US competition from American Eagle Outfitters and Gap have seen the company increasingly interested in geographical diversification.
Abercrombie and Fitch stock is found on the New York Stock Exchange, ticker ANF, and is also a part of S&P 500 MI. Binary options traders therefore have the option to trade directly on the stock or to use their research in their S&P trades. Understanding the activities of this company in terms of profits and new avenues for growth can provide an edge in trades.
Many binary options traders become expert in one or a few companies in order to understand everything about them. This can mean when an event occurs they are competent in price movement prediction. Fundamental analysis becomes more important as trades get longer. Such analysis may not be so important for 15 or 30 min. trades, but may become crucial for day and week trades. Information is power in binary options trading and if you have the inclination to understand this company you might just get the edge that you are looking for.
Want to trade Abercrombie and Fitch Binaries?
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