TMCnet News
SmarTrend Watching for Potential Pullback in Shares of Gap Inc After 1.61% GainNov 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. 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. In the past 52 weeks, shares of Gap Inc have traded between a low of $17.62 and a high of $37.85 and are now at $35.87, which is 104% above that low price. The 200-day and 50-day moving averages have moved 0.87% higher and 0.01% higher over the past week, respectively. 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 |