Gap Inc saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 69 to 74.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their largest runs. See if Gap Inc can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy trade.
Gap Inc reported 22% EPS growth in the latest quarterly report. Revenue increased 2%.
Gap Inc holds the No. 9 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and Urban Outfitters are among the top 5 highly rated stocks within the group.
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