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Children'S Place Falls 3.25% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Children'S Place (:PLCE) traded in a range yesterday that spanned from a low of $88.05 to a high of $91.20. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $88.83 on volume of 328,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Children'S Place have traded between a low of $82.05 and a high of $160.23 and are now at $88.24, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

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