Gap (GPS) Offering Possible 13.12% Return Over the Next 34 Calendar Days

Gap's most recent trend suggests a bearish bias. One trading opportunity on Gap is a Bear Call Spread using a strike $24.00 short call and a strike $29.00 long call offers a potential 13.12% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $24.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $29.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Gap is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Gap is bearish.

The RSI indicator is at 44.68 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Gap

The Zacks Analyst Blog Highlights: Walmart, Macy's, Buckle, Best Buy, and The Gap
Thu, 14 Oct 2021 09:59:09 +0000
The Zacks Analyst Blog Highlights: Walmart, Macy's, Buckle, Best Buy, and The Gap

5 Solid Retail Stocks to Buy Ahead of the Holiday Season
Wed, 13 Oct 2021 06:14:06 +0000
Retailers with a strong online presence like Walmart (WMT), Macy's (M), and Gap (GPS) are likely to benefit in the near term.

The Zacks Analyst Blog Highlights: Buckle, Citi Trends, Hibbett Sports, Tapestry and The Gap
Tue, 12 Oct 2021 12:06:12 +0000
The Zacks Analyst Blog Highlights: Buckle, Citi Trends, Hibbett Sports, Tapestry and The Gap

5 Apparel Stocks to Buy for the Upcoming Holiday Season
Mon, 11 Oct 2021 11:04:11 +0000
People have finally started spending on clothing and apparel, helping stocks of Hibbett Sports (HIBB), The Gap (GPS), and Tapestry, Inc. (TPR).

Gap (GPS) Embraces CB4 to Enhance Customer Experience & Sales
Tue, 05 Oct 2021 17:29:05 +0000
Gap (GPS) is focused on strengthening its digital business. The company acquires the AI platform CB4 to boost sales and enhance its customer experience.

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