The USD 44.2 support, currently tested, should allow Children's Place Retail Stores to rally again.

From a fundamental viewpoint, the security is cheap with a PER of 15.73x for 2013 and 13.46x for 2014. Besides, EV/Sales is low with a ratio at 0.5x for this year.

The security follows a downward trend in the short term, under the USD 52.86 resistance area. In the mid-term, the trend is neutral. The stock is not likely to continue its downtrend because it is near to the strong USD 44.2 and it is oversold.

In this context, investors should take a long position above the USD 44.2 with a target fixed at USD 48.9. A stop loss will be set at USD 43.5.