Expect Abercrombie (NYSE: AFN) Stock to Fall

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Abercrombie & Fitch Co. (NYSE: AFN) stock is up nearly 6% this week after an investor, who owns approximately 1% of the company's stock, called for the retailer to replace its current Chief Executive Officer Mike Jeffries.

The news sent Abercrombie stock up 5.7% Tuesday alone, but will the retailer be able to sustain its rally?

Not according to Money Morning's Capital Wave Strategist Shah Gilani.

Gilani appeared on FOX Business' "Varney & Co" today (Wednesday) and discussed why he believes ANF's surge will be short-lived - and why the stock could fall further in 2014.

 


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