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Guess? Inc Set to Possibly Rebound After Yesterday's Selloff of 2.12%

By James Quinn

Guess? Inc (NYSE:GES) traded in a range yesterday that spanned from a low of $22.45 to a high of $23.25. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $22.52 on volume of 102,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Guess? Inc share prices have moved between a 52-week high of $26.95 and a 52-week low of $14.17 and are now trading 60% above that low price at $22.61 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Guess? Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Guess? Inc in search of a potential trend change.

Keywords: rebounders guess? inc

Ticker(s): GES