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Watch These Gap Price Levels as Stock Plunges After Retailer Warns of Tariff Hit

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Gap Inc. (GAP) shares plunged Friday after the apparel retailer cautioned that tariffs will weigh on profit this year , overshadowing quarterly results that topped Wall Street expectations.

The company behind brands including Old Navy , Banana Republic , Athletica and its namesake label said baseline import duties could dent operating income by between $100 million and $150 million this year .

Investors should watch crucial support levels on Gap 's chart around $22 and $19 , while monitoring a major overhead area near $ 29 .