Gap Inc. (GPS) opened at 18.27. So far today, the stock has hit a low of 18.27 and a high of 19.85. GPS is now trading at 19.50, up 1.17 (6.4%). The stock hit its 52 week high of 22.02 in December and set its 52 week low of 15.20 in August. After a steep sell off in December, the stock has been moving higher since the start of the year. The stock has been moving higher after posting better than expected January sales figures. Analysts had expected the company to show a drop of 6.1% in its same store sales, but the company actually showed a 2% decline during the month. Technical indicators for the stock are bearish and steady while S&P gives GPS a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a March bull-put credit spread below the $15 range. GPS stock could fall up to 23.0% before expiration and this position would still be profitable. [RHF- Seven Summits Strategic Investments NewsBite]