16.0% Return Seen to Date on SmarTrend Gap Inc Call (GPS)
SmarTrend identified an Uptrend for Gap Inc (NYSE:GPS) on June 20th, 2016 at $20.69. In approximately 2 months, Gap Inc has returned 16.05% as of today's recent price of $24.01.
Over the past year, Gap Inc has traded in a range of $17.00 to $40.64 and is now at $24.01, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 1.1%.
The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Gap Inc shares.
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