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Why You Must Take Profits in Abercrombie & Fitch Now

Shares of fashion retailer Abercrombie & Fitch Co. (ANF) have risen almost 10% and 12% in the past 30 days and three months, respectively. This suggests there is mild to high expectations for the company's second-quarter earnings results, which are due out before the opening bell Tuesday.

Investors would be better served to lock in some gains and wait for the management to issue guidance for the third quarter and fiscal year.

Abercrombie's recent stock...