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Gap Hovering Firmly In Positive Territory After Initial Jump

After an initial move to the upside, shares of Gap (GPS) have pulled back off their best levels but continue to hover firmly in positive territory in late-day trading on Friday. Gap is currently up by 7.4 percent after reaching its best intraday level in a month.

The initial jump by Gap came after the apparel retailer reported better than expected fourth quarter results and provided upbeat guidance.

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