Gap share price could regain its upward trend after having run out of steam.
Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 30.6 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
Consequently, the most active investors can buy the share in this area and target a return toward USD 35.8. A stop loss can be placed under the USD 30.6 support.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.