Gap's most recent trend suggests a bullish bias. One trading opportunity on Gap is a Bull Put Spread using a strike $36.00 short put and a strike $31.00 long put offers a potential 9.89% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $36.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $31.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Gap is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Gap is bullish.
The RSI indicator is at 27.76 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
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Sat, 19 Oct 2013 09:00:01 GMT
USA TODAY – A weekly look at what press from around the world have been writing about this week.
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Losing $200 Million Is Only A Small Wrinkle In The Plan Of Urban Outfitters' Billionaire CEO
Thu, 17 Oct 2013 14:01:00 GMT
Forbes – The Urban Outfitters' co-founder and CEO hadn't hit a snag in his plans. Until now.
Online retailer Stitch Fix raises cash, tries to set itself apart
Thu, 17 Oct 2013 13:00:17 GMT
Reuters – Stitch Fix said it has raised $12 million as it tries to establish itself in what is proving a tricky market: online retail sales. While online sales rise every year, many entrants have a tough time with …
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