Gap Inc.(GPS) is in an downtrend

(23-May-2008) (23-May-2008) Gap Inc.(GPS) closed at 18.21, up 0.11 or 0.61 % for the day. Based on our analysis, Gap Inc.(GPS) is in an downtrend.

The closing price of Gap Inc.(GPS) is below its 50 day moving average of 19.04 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Gap Inc.(GPS) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 23-May-2008, about 4 trading days ago.