[May 24, 2012] Next Resistance Level for Gap Inc (GPS) is $27.27 Tweet May 24, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Gap Inc (NYSE:GPS) opened today above their pivot of $26.60 and have already reached the first level of resistance at $27.02. Analysts will be watching for a cross of the next upside pivot targets of $27.27 and $27.94. Gap Inc share prices have moved between a 52-week high of $29.23 and a 52-week low of $15.08 and are now trading 79% above that low price at $27.03 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.3%. There is potential upside of 9.3% for shares of Gap Inc based on a current price of $27.03 and an average consensus analyst price target of $29.55. The stock should find initial support at its 50-day moving average (MA) of $26.96 and further support at its 200-day MA of $20.88. SmarTrend is monitoring the recent change of momentum in Gap Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gap Inc in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]