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Childrens Place Retail Stores (PLCE) Showing Support Near $136.48

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Childrens Place Retail Stores (<a href="http://www.marketintelligencecenter.com/symbol/PLCE">PLCE</a>). Look at the Mar 16, 2018 $140 covered call for a net debit in the $132.34 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.56% downside protection. If the stock closes at or above $140 at expiration this trade will return 5.78% or 60.27% (for comparison purposes only). <br /> <br /> PLCE closed Feb 8, 2018's trading session at $141.64. In the past year, the stock has hit a 52-week low of $94.95 and 52-week high of $161.65. Childrens Place Retail Stores stock has been showing support around $136.48 and resistance in the $151.58 range. Recent technical indicators for the stock are bearish.

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