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Bullish Moving Average Cross by Gap Inc/The (GPS)

By Amy Schwartz

Gap Inc/The (NYSE:GPS) crossed over its 10-day moving average of $7.14 on a volume of 2.2 million 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 $27.00 and a 52-week low of $5.47 and are now trading 41% above that low price at $7.69 per share. The 200-day and 50-day moving averages have moved 1.76% lower and 8.13% lower over the past week, respectively.

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