Tuesday, October 9, 2007

PLCE- Children's Place retail stores- Is it bottoming out?

PLCE- Children's Place retail stores- Is it bottoming out?

Don't know what news is out there but it must be bad which caused the price to drop. However this must be an expected news and as per Profit From Prices stock trading theory, looks like people have used this bad news to buy this stock.
It opened low but instead of going down from the Open price, it started going up. THis shows that there was more buying today than the selling that was anticipated.
Watch this stock for investment opportunities.
If someone decides to buy, stop loss should be kept at 20.49$.



No comments: