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SmarTrend Watching for Potential Rebound in Shares of Children'S Place After 3.25% Loss

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.

Children'S Place share prices have moved between a 52-week high of $160.23 and a 52-week low of $82.05 and are now trading 8% above that low price at $88.24 per share. Over the last five market days, 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