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Stock Investors Sell Off Shares of Children's Place, Down 2.7%

Published on Wed, 05/01/2013 - 12:26
By Mallory Stone

Children's Place (NASDAQ:PLCE), a company whose shares are moving quickly, is trading 2.7% lower to $47.62. The Dow Jones Industrial Average is now trading 0.4% lower to 14,777 and the S&P is trading 0.4% lower to 1,591.

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.

Children's Place (NASDAQ:PLCE) has potential upside of 12.5% based on a current price of $47.62 and analysts' consensus price target of $53.56. Children's Place shares should encounter resistance at the 200-day moving average (MA) of $51.33 and support at the 50-day MA of $46.93.

In the past 52 weeks, Children's Place share prices have been bracketed by a low of $42.21 and a high of $62.24 and are now at $47.62, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

By Mallory Stone
mstone@fnno.com