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Gap Inc/The Bearish Moving Average Crossover Alert (GPS)

By Amy Schwartz

Gap Inc/The (NYSE:GPS) crossed under its 10-day moving average of $16.91 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Gap Inc/The have traded between a low of $15.11 and a high of $31.39 and are now at $16.80, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.78% lower and 0.22% lower over the past week, respectively.

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.

Keywords: moving crosses gap inc/the

Ticker(s): GPS