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Abercrombie and Fitch - Bullish Breakout Signals Reversal

Abercrombie and Fitch (ANF) recently posted higher profits despite flat sales during the 3 months to October 31. 
Abercrombie & Fitch profit up

Now from a technical perspective, the price action last week was critical as well, ending the week with a 25.04% jump on Friday. 

ANF Daily Chart 11/10

(click to enlarge)

Note that ANF has been consolidating since March. It dipped in July through August but recovered thereafter. The price action up to last week was already suggestive of a price bottom. The breakout on Friday completed the bullish breakout signal. Also note that price is now back above the cluster of 200-, 100-, and 50-day simple moving averages (SMAs). If the market can keep price above these SMAs, we will have more evidence of a bullish reversal.