PLCE longAssuming nothing is out of the ordinary with the earnings, trend expected to continue. Plan on covering a long position with a few puts the night before earnings.Longby Crispy_Trades5
Beautiful WavesWhile on an ultimate down trend it would seem, PLCE has such beautiful waves... A reversal is in play, though I believe its highs will continue to stay lower, drawing out lower lows as it returns to "normative range" - I.E. Lower Comforts. A good range for topping out with profit would be anywhere from $78 - $81. So far this year, looking back at similar plays and potentials, a month is a cushion-y range to shoot for another crest. P.S Awaiting confirmation of SuperTrend (3 10)...Longby DavidgroshongUpdated 5
Long $PLCELong $PLCE following the high short interest, low float, buyback scenario here. moxreports.com Longby Not_Han_SoloUpdated 1
$PLCE Analysts Bullish into earnings . Sentiment in Childrens Place has improved considerably during the quarter, most recenekty Analysts have increased price targets and ratings Susan Anderson from B.Riley FBR reiterated a Buy rating on Children’s Place, with a price target of $122. The company’s shares closed yesterday at $108.47. “The Children’s Place (PLCE) will report 1Q19 earnings before the market open on a management call scheduled for 8:00 AM ET the same day. We are expecting 1Q EPS of ($0.50) in line with the street of ($0.50) and vs. guidance of ($0.70)–($0.40). We expect SSS to decline –9.3% vs. consensus of –8.7% driven by sales pressure from the liquidation sales at Gymboree (GYMB), as well as some impact from the delayed tax returns. We would note SpendTrend credit card data picked up dramatically in April for children’s retailers, likely due to less pressure from GYMB, the Easter shift, and improved weather.” A small long into earnings may be a option depending on market behavior. Analyst Average Price Target $120 Average recommendation Overweight Company Description The Children's Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children's Place, Place and Baby Place.Longby RedHotStocks6
PLCE - trade setupSet this trade up and let it play out. I like the breakdown of this daily candle trapping any buyers and then support on the monthly chart. Shortby carley6211
PLCE - Possible Day trade If this gaps down below my entry line this is a great gap and go trade, (it has to gap below my entry). I will get in right at the open if it gaps down. This should trade to the 200MA exit 2, but exit 1 is also a safe trade. Shortby carley6211
PLCE Your BetTechnicals: Stock jumped 12% following its last quarterly report, but gave up all those gains during the session and continued the descent over the next few weeks. Stock dipped below the 200 DMA, bounced off support at $95, and is now back above the 200 DMA. The overall up trend is still intact. Fundamentals: Stock fell about 9% last week on a press release that it was opening stores in southeast Asia. However, the company has a franchise model for its international stores and actually achieves higher gross margins in its international business, which accounts for about 12% of total sales. Hence, the international expansion should be seen as a positive and not a negative. PLCE has zero debt and it is closing unprofitable stores, growing online sales and investing in inventory technology to improve margins. The company's buyback and dividends yield a 'cash' return of about 9.5%. With sales growth of 3.5%, that's a 13% return! Short interest is at 31% which suggests a potential for a short squeeze if its next quarterly report is positive once again. This is one of only a few retail apparel names that is actually doing well. Same store sales were up 4.9% in the most recent quarter. Gymboree, a close competitor, just filed for bankruptcy protection amid declining sales comp. This speaks to Children's Place's out-performance. Bottomline: Buy. I see the stock tracking back up to its previous highs. PT is $123. Longby Mimo27
Filling the Gap?For the past month, price has been pushed down slowly staying near support for most of the time. Also, the 20ma has been acting as a dynamic resistance, and price has seen more resistance from a descending trend line. Price has just broken and close below support (Double Blue Line) Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past. There is also a head & shoulders pattern on the MACD Leader, and Insync Index Price target is $87.88 for a R:R of 4.47 Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57Shortby juniortraderUpdated 3
$PLCE Solo space trip: is the end finally in sight?Interesting to see the contrast yesterday between various retailers: $M, $KSS, $JWN and others were hammered pretty good... and as a side note, I would let them bleed some more before jumping on them. if it is s.u.c.h. a deal Wall Street will back up the truck and you will notice it. Of course if Icahn sends a Tweet next week to say that he bought a few million shares you could see a V-shape recovery... but also think that there is a good chance the stock will do like the insurer $AIZ recently, before Trumps election. A huge gap down... a few days of HOPIUM (bottoming)... then the final whack... ;-) The early bottom fisher got their own bottom handed to themselves on a Platinum plate. See if you can be patient and wait for a potential second drop... Back to $PLCE. Huge positive news yesterday saying that contrary to other retailers sales sale had been great in the first part of the 4th quarter... However, the stock dropped $9 since the news hit. It is right at support. Many traders were very anxious to see how the almighty $PLCE would fare against other retailers. The answer is out. At the same time the market is a discounting mechanism as well and many folks that enjoyed the recent rocket ride from $70 might soon consider protecting some of those profits especially if the stock cracks under $100. I am in with puts from $105. If you are a stock day trader, $PLCE is not a popular stock among the forums in the morning but it is a stock that can easily move $4-$5 very fast and I would not be surprised to see some action this week. Up to you but keeping this one on your short list could make you some money especially if the markets opens weak and/or there is a new wave of bad retails. Best of luck to all for the coming week.Shortby edumas2Updated 9
Childrens Place: nice parallel channel/harmonics/waves Childrens Place: nice parallel channel/harmonics/waves by pipstrading2