[et_pb_section fb_built=”1″ _builder_version=”4.8.1″ _module_preset=”default” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.8.1″ _module_preset=”default” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.8.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.12.0″ _module_preset=”default” max_width=”760px” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”]
[/et_pb_code][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]Good day, folks. Today we’re taking a look at GPS ticker is GPS is the gap. Not sure if people still shop here or not, but it was pretty popular. Back when I was in middle in high school, at least with the ladies. So we’re taking a look at GPS and this was actually one of the stocks on our member scans for the week a bullish trade to the upside now we are approaching the most favorable time of the year from a bullish perspective, meaning we are entering the best six months of the year. And a lot of that has to do with the retail market retail stocks in particular. So we’re looking at GPS, we have a trade this week that starts today ends on around the 11th ends on around the 26th I think which is Black Friday, this year 87% win rate over 31 years, that is some pretty stellar data there, the average profits been about 8% on the stock. One sole reason that is keeping us out of the trade is going to be earnings. So those of you that do like to trade around earnings keep this on your radar with a expected projection to the upside. Based on 31 years of data against 87% win rate over 30 years hard to find data that solid I like the trade based on where we are from a monthly, weekly and daily support structure which is right here. Coming down into the 2223 area. Now we are up nice today we’re up about 82 cents at 23 Half. First targets on this are going to be up here at around 2575. Next targets 30, then 35 and then 37. Our risk can be pretty tight. We’re looking to get long around here, risking below these swing lows somewhere right here and again targeting up here at around the $30 mark. So we have a well over two to three one risk reward ratio. So this is a trade to consider if you if you can structure a nice trade around earnings. I likely stay on the sidelines, but we should find good support here coming with very favorable seasonality heading into earnings.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
