Gap's most recent trend suggests a bearish bias. One trading opportunity on Gap is a Bear Call Spread using a strike $43.00 short call and a strike $48.00 long call offers a potential 14.94% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $43.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $48.00 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 64.17 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Gap
Across Asia's borders, labour activists team up to press wage claims
Mon, 18 Aug 2014 00:28:15 GMT
Across Asia's borders, labour activists team up to press wage claims
Sun, 17 Aug 2014 21:14:52 GMT
Across Asia's borders, labour activists team up to press wage claims
Sun, 17 Aug 2014 21:00:03 GMT
Reuters – JAKARTA/PHNOM PENH, Aug 18 (Reuters) – Labour leaders behind the biggest strikes in Cambodia's $5 billion garment industry knew last year they had a strong case for higher wages: they had already compared notes with activists in neighbouring countries. For global companies that have shifted production to Southeast Asia's low-cost manufacturing hub, this could mean less room for wage bargaining, a squeeze on profits and maybe even higher price tags on anything from shoes and clothing to cars and electronics appliances. “I see a trend towards more and stronger collaboration among labour leaders that can take different shapes and forms, from exchanging information to partnerships,” said Peter van Rooij, director of the International Labour Organization (ILO) in Jakarta, noting ties would likely strengthen with next year's planned economic integration by the 10-member Association of Southeast Asian Nations (ASEAN). Thousands of workers in China, Indonesia and Cambodia have protested in recent months at local firms supplying U.S. sportswear company Nike Inc to press for better pay and conditions.
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