Buy The Dip On This Retail Stock

Retail stock Gap (GPS) looked ready for a breakout this summer, barreling past the round-number $30 level on June 3 to score a roughly three-year highs of $30.75. However, the shares have since sputtered, taking a 17.5% haircut in June. The upside is this pullback has GPS testing a historically bullish trendline on the charts.Gap stock is within one standard deviation of its 126-day moving average, per Schaeffer's Senior Quantitative Analyst Rocky White. For the purpose of this study, White defines that as ...