GAP Rebounds After Inline Q1 Report

Gap Inc.

shares are trading higher by $0.64 at $17.92 in Friday's session. The issue is getting a bit of relief rally after the company announced an inline Q1 report for EPS along with a slight revenue miss. After a flat open, it found support just above Thursday's close ($17.28) at $17.38 and embarked on a rally. So far, it has found resistance just ahead of its May 13 high ($18.30), only reaching $18.10. Since April 1 close ($29.46), it has lost over $11 or 40 percent at $18.