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Gap Inc. (GPS) Looks Good: Stock Adds 7.8% in Session

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Gap Inc. was a big mover last session, as the company saw its shares rise more than 7% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.56 to $33.33 in the past one-month time frame.

The move came after the company reported solid fourth-quarter fiscal 2017 results.

The company has seen two positive estimate revisions in the past one month, while the Zacks Consensus Estimate has also moved higher over the said time period, suggesting that more solid trading could be ahead for Gap. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Gap currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

Investors interested in the Retail - Apparel and Shoes industry may consider American Eagle Outfitters, Inc. (AEO - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GPS going up? Or down? Predict to see what others think: Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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American Eagle Outfitters, Inc. (AEO) - free report >>

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