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The Gap Inc (GPS) “On a long-term technical basis, the stock (GPS) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 11.93 and 9.70. If the stock breaks down through support at 11.93 then it will probably continue lower to 9.70. The stock has resistance at 13.75 and at 18.99. If the stock breaks up through resistance at 13.75 then it will probably continue higher to 18.99. The 200-day moving average is at 13.91. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 11.93 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (39.15).”
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