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Children'S Place Falls 15.87% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Children'S Place (NASDAQ:PLCE) traded in a range yesterday that spanned from a low of $99.54 to a high of $108.47. Yesterday, the shares fell 15.9%, which took the trading range below the 3-day low of $122.26 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Children'S Place share prices have moved between a 52-week high of $161.65 and the current low of $99.54 and are currently at $103.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Children'S Place on November 15th, 2018 by issuing a Downtrend alert when the shares were trading at $135.75. Since that call, shares of Children'S Place have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders children's place

Ticker(s): PLCE