GES Trade on Aug 29, 2019 10:35 from Cklamb: Tradervue User Stock Trades.

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GES
Intraday Fundamentals
• Guess? Inc. (GES) beat Wall Street forecasts for revenue and adjusted profit in its latest quarter, helped along by stronger demand in Europe.
• The clothing designer and retailer reported net revenue of $683.2 million for its fiscal second quarter, up about 6% compared to a year ago. Revenue at the Los Angeles-based company was up 9% after stripping out the impact of currency fluctuations.
• Analysts polled by FactSet predicted $671.4 million in revenue for the latest period, which ended Aug. 3.
• The company reported a profit of $25.3 million, or 35 cents a share, compared with $25.5 million, or 31 cents a share, a year earlier. Earnings, after adjustments, of 38 cents a share beat the consensus estimate by nine cents.
• Guess shares jumped 8% in postmarket trading. The stock is down 28% so far this year, through Wednesday.
• Guess said its European business produced $340.5 million in revenue in the quarter, up 9% compared with the year earlier.
• The company's board of directors also approved a quarterly cash dividend of $0.1125 per common share, maintained from the previous quarter, and payable on Sept. 27 to shareholders on record as of Sept. 11.
• Guess? Inc. shares rose sharply in after-hours trading Wednesday after the fashion retailer raised its profit forecast for its fiscal year and said it expects minimal effects from further tariffs between the U.S. and China.
• Guess Chief Executive Carlos Alberini said Wednesday that Guess had been able to mitigate risks related to tariffs in China by negotiating with vendors over the issue. Potential tariff increases won't have much of an effect on the company, he told analysts.
• Apparel companies fear that tariffs between the U.S. and China will crimp their profits and force store closures. Around 40% of all clothing sold in the U.S. is made in China. The Trump administration has threatened to implement 10% tariffs on Chinese-made clothing and shoes starting Sept. 1.

Technicals
ADV 2m RVOL 1.74 BETA .51 ATR .77 Short 23.13 Inst Own 78%
Daily

Hourly

Intraday

Trading Strategy
• If this stock spikes to 18 at the open on a long wick, take the short as cloe to that level as possible keep trailing the stop and look to take half off at 17 hold the other half until 16.65 or 16.50 depending on the tape
• If the stock flusheat the open look for a longs at 16.50 or 16 depending on how strong the move down is in the opening.
• If the stocks come out of the gate holds 17, wait for some consolidation around VWAP and take the trade is I begins to move
• I expect some profit taking for the first few minutes of trading and would think the best option is to look for an opening support play 16.50 or 16, at which point I would expect the trapped shorts to start covering on any significant pull back at the opening
• You can be powerful with a stock like this, let it tell you what direction it is going to take and try to stay with the trend

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Execution detail:

Date/time Symbol Side Price Position
2019-08-29 10:35:08 GES sell $18.235 short
2019-08-29 10:35:08 GES sell $18.235 short
2019-08-29 10:40:15 GES sell $18.500 short
2019-08-29 10:44:26 GES buy $18.363 0


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