Guess?, Inc. (NYSE: GES) shares rose on Friday January 13 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, The Dow Jones Industrial Average DJIA, -0.03% slipped 5.27 points to close 19,885.73, moving in a roughly 100-point range all session. For the week, the blue-chip index is off 0.4%.
U.S. financial markets will be closed Monday for Martin Luther King Jr. Day.
The S&P 500 index SPX, +0.18% added 4.20 points, or 0.2%, to end at 2,274.64 for a weekly loss of 0.1%, and the Nasdaq Composite Index COMP, +0.48% climbed 26.63 points, or 0.5%, to finish at 5,574.12, its sixth all-time closing high in seven trading sessions.
Wunderlich analysts reiterated its Positive rating on Guess?, Inc. (NYSE: GES) in a note to investors, making it one of the more closely watched stocks on Wall Street. With a rating of Positive on the stock, Guess?, Inc. has a 52-week high of $22.84. A number of other analysts have commented on the stock in recent days, and Guess?, Inc. has earned a consensus one-year price target of $16.11, above the opening price of $12.30. Share prices often shift to the upside on recommendations and new price targets of professional analysts.
Shares of Guess?, Inc. (NYSE: GES) opened at $12.30 yesterday trading between $12.30 and $12.50, and last traded at $12.42, an increase of $0.13 over the previous closing price.
Guess?, Inc. (NYSE: GES) currently has a market cap of 1.05B.
Guess?, Inc. (NYSE: GES) Average Daily Trading Volume
813,580 shares crossed the trading desk yesterday, 58 percent below the average, out of a total float 60,544,000. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for short periods will not mean much will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
Guess?, Inc. (NYSE: GES) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, Guess?, Inc. (NYSE: GES) now has a 50-day MA of $13.04 and 200-day MA of $14.44. It has traded in a 52-week range between $11.87 – 22.84 and today’s last price is 45.62%% lower than the 52 week high of $22.84.
Earnings growth is an important factor to look at when investing in stocks and investors watch for companies that have grown their earnings by at least 25% over the past 3 years.
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