TMCnet News
Gap Inc Falls 1.10% on Heavy Volume: Watch For Potential ReboundNov 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. 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. Gap Inc share prices have moved between a 52-week high of $37.85 and a 52-week low of $17.62 and are now trading 89% above that low price at $33.25 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has remained constant. 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 |