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Childrens Place Retail Stores (PLCE) Showing Support Near $132.27

Dec 07, 2017 (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 Jan 19, 2018 $130 covered call for a net debit in the $126.20 area.<br /> <br /> This trade has a duration of 43 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.51% downside protection. If the stock closes at or above $130 at expiration this trade will return 3.01% or 25.55% (for comparison purposes only). <br /> <br /> PLCE closed Dec 6, 2017's trading session at $135. In the past year, the stock has hit a 52-week low of $92.95 and 52-week high of $139.95. Childrens Place Retail Stores stock has been showing support around $132.27 and resistance in the $139.87 range. Recent technical indicators for the stock are bearish.

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