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Look for Shares of Guess? Inc to Potentially Rebound after Yesterday's 2.29% Sell Off

By Shiri Gupta

Guess? Inc (NYSE:GES) traded in a range yesterday that spanned from a low of $13.90 to a high of $14.40. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $14.26 on volume of 1.1 million 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 the current low of $13.90 and are currently at $14.05 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Guess? Inc on May 14th, 2019 by issuing a Downtrend alert when the shares were trading at $17.81. Since that call, shares of Guess? Inc have fallen 19.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders guess? inc

Ticker(s): GES