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Children's Place Crosses Above its 10-day MA (PLCE)

By Nick Russo

Children's Place (NASDAQ:PLCE) crossed over its 10-day moving average of $117.04 on a volume of 188K shares. Swing traders may find an opportunity 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 $46.74 to $121.15 and is now at $118.50, 154% above that low. 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 recommended that subscribers consider buying shares of Children's Place on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.88. Since that recommendation, shares of Children's Place have risen 12.9%. We continue to monitor PLCE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses children's place

Ticker(s): PLCE