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Upgrade Alert for Children's Place (PLCE)

By David Diaz

Children's Place (NASDAQ:PLCE) was upgraded from Neutral to Buy at Goldman Sachs today. The stock closed yesterday at $72.48 on volume of 1.8 million shares, above average daily volume of 637,000.

Children's Place (NASDAQ:PLCE) is currently priced 12.6% above its average consensus analyst price target of $63.36. The stock should hit resistance at its 50-day moving average (MA) of $76.79, as well as support at its 200-day MA of $62.55.

In the past 52 weeks, shares of Children's Place have traded between a low of $46.74 and a high of $84.91 and closed yesterday at $72.48, which is 55% 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%.

The Children's Place Retail Stores, Inc. retails value-priced apparel and accessories for newborn to 12 year old children. The Company designs, contracts to manufacture, and sells its products under The Children's Place brand name. The Children's Place operates stores primarily located in regional shopping malls in the eastern half of the United States.

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: analyst upgrades/downgrades children's place

Ticker(s): PLCE