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After Yesterday's Decline of 3.35%, Children'S Place Offers Investors Better Value

By Shiri Gupta

Children'S Place (NASDAQ:PLCE) traded in a range yesterday that spanned from a low of $127.50 to a high of $132.55. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $130.10 on volume of 390,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Children'S Place share prices have been bracketed by a low of $99.90 and a high of $161.65 and are now at $128.20, 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders children's place

Ticker(s): PLCE