Children's Place, Inc.
  • PLCE

  • $7.87

  • +2.08%
  • $7.79

  • $8.06

  • $7.67

Ticker Appearances

Tue, January 30, 2024 | 12:09PM ET
I removed all my "Laggards" from UPTICKS to kick off 2024, as I don't believe this will be a down year, and it will better to simply concentrate on technical longs. However, I fully plan on releasing reports (when it's time) to highlight what stocks I feel are technically some of the weakest of the highly liquid (and might stand a chance of moving lower, for those that care about this). Children's PlacePLCE 2.08%  is certainly a possible technical candidate. This stock is down 9% just since last Friday's close, and faces an important area of trendline support near $21.60, which will be an important test. Potentially more important technically will be January 2024 lows of $20.61. Any weekly close under this level would violate the entire stabilization trend from November 2023 and point towards a possible test of November 2023 lows ($16.46) and lower. For those interested, it will pay to set alerts for $20.61 on PLCE, and I'll address this when it's time. However, this one stands out as being quite weak, technically speaking.
Wed, December 6, 2023 | 4:46PM ET
Children's place (PLCE 2.08% ) has shown clear evidence of technical weakening on Above-avg Volume which was one of the reasons this was included on my recent Laggard list- PLCE remains trending down from 2021 and tested its 2020 lows last June- the rebound attempt from this year's lows proved unable to break the stock's ongoing bearish downtrend and the mid-November drop back to the lowest levels since June on very heavy volume looked important and negative. Technically i am expecting a move down to new lows below 14.27 to test 2020 lows near$9.25 before this can start to recover and regain$29.50. Thus, this stock meets the criteria for a Technical laggard on my recent UPTICKS list and i expect lower prices from PLCE
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^Prices as of 2024-07-26 16:15:15