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Gap Inc Bearish Moving Average Crossover Alert (GPS)

By James Quinn

Today, shares of Gap Inc (NYSE:GPS) have crossed bearishly below their 10-day moving average of $23.82 on a volume of 840K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Gap Inc has traded in a range of $21.57 to $40.88 and is now at $23.41, 9% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Gap Inc and will alert subscribers who have GPS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses gap inc

Ticker(s): GPS