• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Children'S Place (NASDAQ:PLCE)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Children'S Place (NASDAQ:PLCE) based on the price action in the company's shares. Yesterday's price range of $144.10 and $147.80 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Children'S Place may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Children'S Place share prices have moved between a 52-week high of $161.65 and a 52-week low of $70.90 and closed yesterday at 104% above that low price at $144.55 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%.

The Children's Place, Inc. retails value-priced apparel and accessories for newborn to 12 year old children. The Company designs, contracts to manufacture, and sells its products under The Children's Place brand name. The Children's Place operates stores primarily located in regional shopping malls in the eastern half of the United States.

Children'S Place (NASDAQ:PLCE) is currently priced 7.7% above its average consensus analyst price target of $133.38. The stock should discover initial support at its 50-day moving average (MA) of $76.79 and subsequent support at its 200-day MA of $62.55.

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: bullish am inside day candle children's place

Ticker(s): PLCE