Guess (GES) Showing Bullish Technicals With S&P 4 Star Buy Rating

Posted: Monday, November 16, 2009 9:12 AM EDT

Guess (NYSE: GES) ended the last trading session at $39.15. So far the stock has hit a 52-week low of $10.26 and 52-week high of $41.34. Guess stock has been showing support around 37.60 and resistance in the 40.02 range. Technical indicators for the stock are Bullish and S&P gives GES a positive 4 STAR (out of 5) buy rating. GES appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 35 covered call (GES CG) for a net debit in the $32.85 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 16.09% downside protection and a 6.54% assigned return rate for a 19.27% annualized return rate (comparison purposes only). Guess has a current annual dividend yield of 1.23%. [ABR-Seven Summits Research]

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