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After Yesterday's Rally of 1.13% Shares Could Potentially Pullback

By James Quinn

Children'S Place (:PLCE) traded in a range yesterday that spanned from a low of $70.07 to a high of $72.26. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $71.81 on volume of 102,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Children'S Place has traded in a range of $68.25 to $134.52 and is now at $70.94, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Children'S Place and will alert subscribers who have PLCE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :plce children's place

Ticker(s): PLCE