Guess? - Day before Earnings Earnings report is coming up.. This is my view. Guess has currently a downtrend the day before earnings.
GES trade ideas
Preparing for this weeks earnings! - GES (Guess?)Earnings: Wednesday after close
Technicals: STRONG BUY
Zacks Rank: Buy
1 yr: Seems to trade very horizontally
3 yr: Bottomed out at $9.56 in 2017. Considering it is $22.81 now, that's pretty good recovery.
It jumped March 19th, 2018:
Why?
Looking at old news articles, it soard 28.3% after they announced their Q4 earnings.
Revenue is expected to jump yty +22.6%
it is tradinga bove the VWAP
It is considered way oversold on the RSI (Might be a bug on TOS)
Action: BUY CALL or BULL SPREAD
Guess Inc. [NYSE:GES]: Breakout imminent?Squeezing BB and recent price action could indicate an incoming breakout.
Guess what?The stock Guess looks ready to take off:
* Down trendline broken;
* EMA 50 crossed above EMA 200;
* Resistance broken now turned support;
* Price snapped back to support and bounced off it, confirming it's strength;
Target Price: 19.50$ then 23.30$
Stop price: a close below 14.25$
The Breakaway Gap speak for itselfThis is the classic Chart Patterns you can watch in the Textbooks
My intention is not to try to convince you using sophisticated Indicators and a lot complicated financial jargon.
But here's the explanation:
First look the Support at the end of 2008 around 10.20 then go to the now exactly 2017/05/22 and again make a Support around 10.20
Then go to this date August 23 2017 and look the Daily Chart and identify the Full Gap between the close and the open this was a 16% Gap. This is called a Breakaway Gap
Then the price make some rally and now is consolidating between 15.20 and 17.40 and is forming a recognizable pattern
(The name of the Pattern do not care you only need to recognize and act in consequently with the price)
This is the now. you understand me.
The Analysis always start from a Weekly Chart and then I use the Daily Chart To be more precise
My Stock Picks are For Long Term Investors and The Fundamentals research are your responsibility the same thing is for the Position sizing and the Stop Loss
I'm just an analyst I not a Trader.
Here you can make your Fundamentals research:
www.marketbeat.com
Additional Material for learning about the Gap:
www.investopedia.com
stockcharts.com
Guess What: Big Day for GES Yes that title is as horribly corny as it can get but we have some money to be made. You know the uncle in your family that gave you the best gifts?... Guess is that uncle. Seemingly forever retail has been getting beat down and now there is finally moment we can make money. Guess is in incredible shape fundamentally considering the sector it is in, GES is seeing revenue growth, not stagnant, not stable... actual GROWTH!!! Right around 5% in this last quarter is what helped GES towards an earnings beat. Here it is I'm saying it go long on GES it just had a big day and the bears are going to continue to pour money into GES as a very bright spot in retail that has gotten beat down as a sector overall.
