So far this year, Gap (GPS) has been trading roughly between 22 and 25.40 as we can see in the daily chart below:Gap (GPS) Daily Chart(click to enlarge)Range in the Middle of a Range:- As we can also see on the daily chart, the 22-25.40 range is in the middle of a larger price range, which is roughly between 17 and 30.50. Breakout Scenarios:- After consolidating for several months now in the 22-25.40 range, a break above 25.40 might liberate price towards the 30.40-30.50 area. - On the other hand, a break below 21.95 might open up the 17.00 handle.