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Children'S Place Set to Possibly Rebound After Yesterday's Selloff of 1.32%

By David Diaz

Children'S Place (NASDAQ:PLCE) traded in a range yesterday that spanned from a low of $134.60 to a high of $138.40. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $135.45 on volume of 217,000 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 a 52-week low of $70.90 and are now trading 91% above that low price at $135.12 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 0.92% higher over the past week, respectively.

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: rebounders children's place

Ticker(s): PLCE