Gap $GPS Technical Update
The Gap (NYSE: GPS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GPS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for GPS
September 5, 2018, 2:00 pm ET
The Technical Summary and Trading Plans for GPS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GPS Report.
GPS – (Long) Support Plan
Buy over 29.98 target 33.24 stop loss @ 29.72.
The technical summary data tells us to buy GPS near 29.98 with an upside target of 33.24. This data also tells us to set a stop loss @ 29.72 to protect against excessive loss in case the stock begins to move against the trade. 29.98 is the first level of support below 30.1467 , and by rule, any test of support is a buy signal. In this case, support 29.98 is being tested, a buy signal would exist.
GPS – (Short) Resistance Plan
Short under 33.24 target 29.98 stop loss @ 33.5
The technical summary data is suggesting a short of GPS as it gets near 33.24 with a downside target of 29.98. We should have a stop loss in place at 33.5 though. 33.24 is the first level of resistance above 30.1467, and by rule, any test of resistance is a short signal. In this case, if resistance 33.24 is being tested, a short signal would exist.
This post was originally published on *this site*