I got a positive signal on THE CHILDREN'S PL, symbol (PLCE) at 30.1 on 5/14/2008 Price and moving averages:THE CHILDREN'S PL, symbol (PLCE), has closed above its short time moving average.
The short time moving average is currently above mid-time, and above long time moving averages.
The relationship between price and moving averages is: bullish in short-term, and bullish in mid-long term. Bollinger Bands:THE CHILDREN'S PL, symbol (PLCE), has closed above the upper band by 474.2%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 70.8% narrower than normal.
The narrow width of the bands suggests low volatility as compared to PLCE's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 33 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.Levels:We find traditional support at 20.91 and resistance at 25.97. The price is above the 50 Day MA, which is relativelly bullish and gives us a clear support area at 23.6904 on long positions. We haven't detected any particular candle pattern on this stock.Fundamentals:At this point the P/E ratio of THE CHILDREN'S PL is -15.039, which compared to the SP500 P/E ratio this quarter of 17.63 makes it relatively cheap. The company is growing, as shown by a PEG (price/earnings growth) of 1.92.
This should be a tradable stock, not to get in love with.
Actually, it should be considered as a short term swing trade.This commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
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Last update : 14-05-2008 15:12
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