Gap Still Has the Right Fit

We have not been positive on the retail industry but we have been bullish on Gap Inc. (GPS) in our recent coverage, here and here, where we said in our summary, "Bottom line: Aggressive traders could go long GPS here, risking a close below $22. The $29-$30 area is my target zone and traders could add to initial longs above $25."

This is no time for a victory lap as it is never a good idea to let your guard down in the fast-paced world of investing and trading so let's take a look at the latest charts and indicators to see if any adjustments are needed. Where is the fitting room?...321 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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