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After Yesterday's Decline of 1.10%, Gap Inc Offers Investors Better ValueNov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Gap Inc (NYSE:GPS) traded in a range yesterday that spanned from a low of $32.54 to a high of $33.48. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $33.18 on volume of 8.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. In the past 52 weeks, Gap Inc share prices have been bracketed by a low of $17.62 and a high of $37.85 and are now at $33.25, 89% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.9%. 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 |