(Finance) – Brilliant rise for gap,which soared, gaining 12.55% after the San Francisco-based apparel retailer announced a surprise Q1 profit.
The comparison of the title with theS&P-500on a weekly basis, shows the greatest relative strength of gap, compared to the index, highlighting the concrete attractiveness of the stock by buyers.
The technical status of gap, it shows signs of worsening with support area set at USD 8.071, while on the upside, the resistance area is identified at 8.591. For the next session we could see a new bearish cue with a target estimated probably at 7.79.