Guess?, Inc. : We anticipate a reversal
By Arnaud Le Berre
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$30.02 | $0 | $29.1 | -100% |
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.84 times its sales.
Guess is in an uptrend in the medium and long term, but the last bearish movement returns close to a support level, corresponding to the 100-day moving average. This threshold, if preserved, will enable to enjoy the bullish movement.
Consequently, the most active investors can buy the share in this area and target a return toward USD 32. A stop loss can be placed under the USD 29.16 support.