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After Yesterday's Rally of 1.28% Shares Could Potentially Pullback

By James Quinn

Gap Inc/The (NYSE:GPS) traded in a range yesterday that spanned from a low of $30.98 to a high of $31.66. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $31.55 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, shares of Gap Inc/The have traded between a low of $21.84 and a high of $35.68 and are now at $31.47, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders gap inc/the

Ticker(s): GPS