In last evening’s Forecast Report Update, Guess (GES) signaled a pre-market open Tuesday from 40 to 40.20. Evening trading activity indicated a possible long entry early Tuesday near 39.25 to 39.50 and secondarily, at 39.75 to 40.10, for a possible quick run to 40.25-40.50.
This morning, the stock opened at 40 and moved back to this area several times in pre-market trading, establishing a pre-market low there. The stock hit a pre-market high of 40.55. So, a buy at the low, as measured to the high, captured a quick 1.4%. A buy at the pre-market low, as measured up to the 42.45 high, is 6.1% in the black.
