Upgrade Alert for Guess? (GES)
Guess? (NYSE:GES) was upgraded from Hold to Buy at Standpoint Research today. The stock closed yesterday at $16.45 on volume of 3.3 million shares, above average daily volume of 796,000.
In the past 52 weeks, Guess? share prices have been bracketed by a low of $15.63 and a high of $23.45 and closed yesterday at $16.45, 5% above that low price. The 200-day and 50-day moving averages have moved 0.52% lower and 0.96% lower over the past week, respectively.
Guess?, Inc. designs, markets, distributes, and licenses a collection of casual apparel, accessories, and related consumer products. The Company's apparel for men, women, and girls is marketed under trademarks such as Guess?, Guess U.S.A., and Triangle Design. Guess? provides full collections of denim and cotton clothing and has granted licenses to manufacture complementary products.
Guess? has overhead space with shares priced $16.45, or 22.8% below the average consensus analyst price target of $21.31. The stock should run into initial resistance at its 50-day moving average (MA) of $19.19 and subsequent resistance at its 200-day MA of $20.12.
SmarTrend recommended that its subscribers protect gains by selling shares of Guess? on March 17th, 2016 by issuing a Downtrend alert when the shares were trading at $18.27. Since that call, shares of Guess? have fallen 11.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades guess?