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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback
[November 06, 2012]

After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

Nov 06, 2012 (SmarTrend(R) News Watch via COMTEX) -- Gap Inc (NYSE:GPS) traded in a range yesterday that spanned from a low of $35.32 to a high of $36.15. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $35.82 on volume of 5.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Gap Inc has traded in a range of $17.62 to $37.85 and is now at $35.87, 104% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Gap Inc on July 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.87. Since that recommendation, shares of Gap Inc have risen 26.9%. We continue to monitor GPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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