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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.
Our Tech Specialist Michael A. Robinson has just unveiled one of the greatest secrets of tech investing in today's top story, The Best "Shadow" Plays in Silicon Valley Right Now