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Stock Market & Financial Investment News

News Breaks
February 25, 2013
11:15 EDTPLCEChildren's Place falls sharply for a second session, levels to watch
Shares are currently down nearly 4% at time of writing, bouncing slightly off of session lows at $46.01. At the current price of $46.10, resistance is at $47.05. Support is at $46,01, and then at $45.45. Janney Capital earlier downgraded the shares to Neutral, with a price target of $49. Pressures being placed on low-end consumers, increased discounting from competitors and promotions, and delayed Spring season purchases were cited as reasons for the recommendation change.
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