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SmarTrend Watching for Potential Pullback in Shares of Gap Inc/The After 1.36% Gain

Comtex SmarTrend(R) - Mon Apr 15, 12:25PM CDT

Gap Inc/The (NYSE:GPS) traded in a range yesterday that spanned from a low of $25.70 to a high of $26.21. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $26.10 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Gap Inc/The and will alert subscribers who have GPS in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Gap Inc/The has traded in a range of $24.25 to $34.21 and is now at $26.21, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

Write to SmarTrend at cs@mysmartrend.com

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