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Gap Inc/The Crosses Above its 10-day MA (GPS)

By Shiri Gupta

Today, shares of Gap Inc/The (NYSE:GPS) have crossed bullishly above their 10-day moving average of $16.64 on a volume of 494K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Gap Inc/The share prices have moved between a 52-week high of $31.39 and a 52-week low of $15.11 and are now trading 11% above that low price at $16.74 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.1%.

SmarTrend is monitoring the recent change of momentum in Gap Inc/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gap Inc/The in search of a potential trend change.

Keywords: moving crosses gap inc/the

Ticker(s): GPS