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Children's Place Set to Possibly Rebound After Yesterday's Selloff of 1.73%

By James Quinn

Children's Place (NASDAQ:PLCE) traded in a range yesterday that spanned from a low of $116.30 to a high of $118.50. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $116.40 on volume of 129,000 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 $46.74 and a high of $121.15 and are now at $116.35, which is 149% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Children's Place on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.88. Since that recommendation, shares of Children's Place have risen 15.1%. We continue to monitor PLCE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders children's place

Ticker(s): PLCE