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Watch for Children'S Place to Potentially Pullback After Gaining 4.04% Yesterday

By Shiri Gupta

Children'S Place (NASDAQ:PLCE) traded in a range yesterday that spanned from a low of $129.87 to a high of $134.15. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $131.96 on volume of 279,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Children'S Place has traded in a range of $99.90 to $161.65 and is now at $132.76, 33% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders children's place

Ticker(s): PLCE