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Children'S Place Bullish Moving Average Crossover Alert (PLCE)

By Nick Russo

Today, shares of Children'S Place (:PLCE) have advanced above their 10-day MA of $78.92 on a volume of 208K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Children'S Place has traded in a range of $70.42 to $160.23 and is now at $81.68, 16% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Children'S Place on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $91.44. Since that call, shares of Children'S Place have fallen 10.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses :plce children's place

Ticker(s): PLCE