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Upgrade Alert for Gap Inc (GPS)Nov 16, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Gap Inc (NYSE:GPS) was upgraded from Sell to Hold at Canaccord Genuity today. The stock closed yesterday at $33.26 on volume of 8.1 million shares, above average daily volume of 4.7 million. Gap Inc (NYSE:GPS) is currently priced 9.8% above its average consensus analyst price target of $30.00. The stock should find resistance at its 50-day moving average (MA) of $35.90, as well as support at its 200-day MA of $28.98. 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 closed yesterday at $33.26, 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%. The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. 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 |