Gap Inc (NYSE:GPS), a prominent player in the Retail - Cyclical industry, has seen a significant surge in its stock price over the past three months. The company's market cap currently stands at $4.87 billion, with a stock price of $13.17. Over the past week, the stock has gained 7.61%, and over the past three months, it has seen a remarkable 44.08% gain....
A well-diversified retailer is still a retailer. Predicting downside from GPS as economic tailwinds follow an unconvincing bull case from political figureheads. Not FA. Always DYOR.
I'm delving into a pairs trading strategy featuring two powerhouses in the retail industry: Target Corporation (TGT) and Gap Inc. (GPS). Both companies are well-recognized and have an extensive product range, but there are key differences that open up a trading opportunity. I'm considering going long on Target and short on Gap, aiming to capitalize on their...
Let's look at some household retail names
starting off with The GAP #GPS
It's ATH was over Twenty years ago
Is this Head and Shoulders signalling a Bankruptcy event during the next recession?
As the gradual increase of value has been apparently growing slowly month over month from the low 7-8s, this stock is midway from its 52 week high. Down over 50% over a 5 year timeframe, does the idea of GAP recovering be underway prior to 2023 holiday season. I don't personally shop at the store, compared to ANF, GES who have fared much better compared to...
Analyzing the options chain and the chart patterns of GPS The Gap prior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
Price is forming an inverse HS, looks very strong, Is not confirmed yet but it is worth opening a small position and add at the break out. I think it can reach the $15 resistance, but let's see how it does now.
I have put out two targets for NYSE:GPS with the assistance of the Fibonacci retracement. I have set my buy zone and possible stop loss if we do reach a bearish outcome.
GAp, Inc had a little pop after mediocre earnings to break its downtrend. IT put in an engulfing
bull candle to strike three smaller red candles. This could be considered a bullish sign.
However, the trend down has been much of the year with two head and shoulders along the way.
There has been no significant net accumulation of stock. I suppose there was a...
GPS Looks ready for a bounce up to $10.70 and possibly $11.36.
$10.70 would hit the top of the channel and the 200 day moving average.
$11.36 would be cover a gap fill.
Break higher than $11.36 could see $14.00
GAP just made a nice breakout of the big falling wedge. It is possible that the price pulls back on the upcoming days, a good chance to add to my long position. Looking to make 50% of profit on the next weeks. It will be choppy ride but it is worth it.
Gap recently reported great earnings and is looking great. here I am looking for a pull back to 12.60 on the wave 4 down then I will play the 5th wave up.
GPS is looking verry bullish here. IMO. should be able to get a good scalp on the 12/26 13p then sell and grab the 12/30 13c for some nice profit. I really like the Big W set up on this chart it confirms a...
- Price is back above 2022 Mid-level
- 2022 Open = 2022 High = 2023 Yearly R1 = Imbalance
- If Dollar-weakness continues in DEC a rally higher is likely
- Wyckoff accumulation-pattern completed
- Look to buy the retrace begin DEC
1. above weekly - monthly (green)
2. gapping up pre-market into prior void
expect retrace due to yesterdays bulls...wait and see for continuation or fade
