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Stock Investors Bid Up Shares of Gap Inc, Up 1.9%

Published on Thu, 01/24/2013 - 11:25
By Mallory Stone

Gap Inc (NYSE:GPS) is one of today's biggest movers, up 1.9% to $33.27. The Dow Jones Industrial Average is now trading 0.6% higher to 13,858 and the S&P is trading 0.4% higher to 1,500.

The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan.

Over the past year, Gap Inc has traded in a range of $18.40 to $37.85 and is now at $33.27, 81% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

There is potential upside of 16.5% for shares of Gap Inc based on a current price of $33.27 and an average consensus analyst price target of $38.76. Gap Inc shares have support at the 50-day moving average (MA) of $32.59 and additional support at the 200-day MA of $31.47.

By Mallory Stone
mstone@fnno.com