Gap, one of the worst-performing retailer stocks, just broke down even more, but it may not have hit bottom, Piper Jaffray's Craig Johnson says.
It could get worse for Gap, according to Craig Johnson, chief market technician at Piper Jaffray.Trading Nation
The retailer is also firmly in bear market territory, having fallen nearly 50% from a March high. Shares are considered in a bear market when off more than 20% from 52-week highs. Erin Gibbs, chief investment officer at Gibbs Wealth Management, also sees Gap as a no-touch stock here.
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