Gap's most recent trend suggests a bullish bias. One trading opportunity on Gap is a Bull Put Spread using a strike $22.00 short put and a strike $17.00 long put offers a potential 5.26% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $22.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $17.00 long put 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 below 20 which suggests that the stock is in oversold territory.
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
Why These 10 Stocks Are On the Move on Thursday
Thu, 23 Sep 2021 16:00:29 +0000
In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Thursday. It’s another bullish day on Wall Street as all three major indexes are higher. […]
4 Reasons Why You Should Invest in Gap (GPS) Right Away
Tue, 21 Sep 2021 14:28:02 +0000
Gap (GPS) looks promising on the back of brand strength, particularly in Old Navy and Athleta brands, solid online show, and Power Plan 2023. A raised fiscal view reflects optimism in the stock.
5 Stocks to Buy on a Rebounding Apparel Market
Tue, 21 Sep 2021 11:48:11 +0000
People have finally started spending on clothing and apparel, helping stocks of The Gap (GPS), Foot Locker (FL) and The TJX Companies (TJX).
Gap Expands Order Fulfillment Centers — Will Other Retailers Follow?
Sat, 18 Sep 2021 15:00:03 +0000
The apparel giant has expanded its order fulfillment centers just in time to meet the uptick in consumer demand we can hope the holiday season will bring about. Like other retailers, Gap has recognized that e-commerce is here to stay, and it recently invested over $100 million to expand its fulfillment centers in Phoenix, Arizona, and Gallatin, Tennessee. In fact, Gap has been using artificial intelligence solutions and robotic technologies in its fulfillment centers in an effort to speed up order processing.
Holiday Retail Sales Likely to Climb This Year: 7 Top Picks
Fri, 17 Sep 2021 10:28:10 +0000
We have narrowed down our search to seven retailers with strong potential for the rest of 2021. These are: FL, GPS, BBY, ULTA, M, KSS and RH.
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