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Gap Inc (GPS) Breaks Through Resistance at $24.57

By James Quinn

Shares of Gap Inc (NYSE:GPS) opened today above their pivot of $24.23 and have already reached the first level of resistance at $24.57. Investors may be interested in a cross of the next upside pivot targets of $24.91 and $25.59.

There is potential upside of 0.0% for shares of Gap Inc based on a current price of $0.00 and an average consensus analyst price target of $24.74. Gap Inc shares should first meet resistance at the 50-day moving average (MA) of $26.88 and find additional resistance at the 200-day MA of $27.98.

In the past 52 weeks, Gap Inc share prices have been bracketed by a current low of $0.00 and a high of $40.64 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.3%.

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: pivot alerts gap inc

Ticker(s): GPS