On Wednesday, Gap Inc got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an 80 or better RS Rating as they launch their largest runs. See if Gap Inc can continue to rebound and hit that benchmark.
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Gap Inc is trying to complete a cup with handle with a 26.41 buy point. See if it can break out in volume at least 40% above average.
The company posted 22% earnings growth in its most recent report. Sales increased 2%.
Gap Inc earns the No. 9 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Urban Outfitters and Burlington Stores are among the top 5 highly rated stocks within the group.
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