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Childrens Place Retail Stores (PLCE) Showing Bearish Technicals With Support At $133.07

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Childrens Place Retail Stores (<a href="">PLCE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $135 covered call for a net debit in the $129.29 area. That is also the break-even stock price for the covered call. This trade will return 4.40%, or 37.41% annualized (for comparison purposes only), in 43 days. This covered call also provides 7.04% downside protection. The current 52-week low is $94.95 and the 52-week high is $161.65. Childrens Place Retail Stores stock has been showing support around $133.07 and resistance in the $146.07 range. The stock closed Mar 7, 2018's trading session at $139.10.A

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