Retail Stock Delivered Post-Earnings Profit to Bulls

Subscribers to Schaeffer's Weekend Trader Alert doubled their money with our Gap Inc (NYSE: GPS) June 19 call recommendation. Now that this trade has played out, let's dig into how we could tell this would be a winning bet.At the time of our recommendation on Friday, March 10, the retailer was fresh out of the earnings confessional. In response to the results, the stock traded above a confluence of its 20-, 50-, and 80-day moving averages and broke into positive territory for 2024. GPS had also pulled back ...