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

By Nick Russo

Children'S Place (NASDAQ:PLCE) crossed under its 10-day moving average of $129.27 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Children'S Place share prices have moved between a 52-week high of $161.65 and a 52-week low of $70.90 and are now trading 81% above that low price at $128.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend is monitoring the recent change of momentum in Children'S Place. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Children'S Place in search of a potential trend change.

Keywords: moving crosses children's place

Ticker(s): PLCE