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Bearish Moving Average Cross by Children's Place (PLCE)

By David Diaz

Children's Place (NASDAQ:PLCE) shares have crossed bearishly below their 10-day moving average of $71.19 on a volume of 236K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Children's Place have traded between a low of $46.74 and a high of $84.91 and are now at $71.00, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Children's Place and will alert subscribers who have PLCE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses children's place

Ticker(s): PLCE