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View Full Version : JCP - JcPenney Reversal Finally?



mando
04-05-2014,
JCP is up after hours on loss less than expected. PLUS, CEO said worst is behind them and that the SEC will not be taking any action against the company. Almost 7 as I write this. Long-term 1 year chart is prime downtrend reversal candidate. I personally will be watching dips and higher lows for entries/bullish continuation clues IF it sticks. Lots of shorts in this that will be covering to lock in profits which will help push it back up as well. Almost 40% short float according to finviz.

http://www.onlinetradersforum.com/attachments/jcp-jpg.17028/