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.
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JCP - JcPenney Reversal Finally?
Yep, looks like JCP is rebounding after hitting the bottom.
JCP stock price is down for the first time in 5 days.
Penney (J.C.) stock price recent five-day pattern is shown in Figure 1 below.
JCP closing price rose from 7.96 on 03/03/14 to 8.29 on 03/04/14. The price then climbed to 8.3 on 03/05/14. The stock closed at 8.68 on 03/07/14, higher than 8.42, the closing price on 03/10/14.
JCP stock has followed this pattern 116 times over the last 16 years and the stock closed HIGHER 50.00 % of the times on the next trading day.
Figure 1: 5-day JCP stock price pattern
Yep, looks like JCP is rebounding after hitting the bottom.
JCP stock price is down for the first time in 5 days.
Penney (J.C.) stock price recent five-day pattern is shown in Figure 1 below.
JCP closing price rose from 7.96 on 03/03/14 to 8.29 on 03/04/14. The price then climbed to 8.3 on 03/05/14. The stock closed at 8.68 on 03/07/14, higher than 8.42, the closing price on 03/10/14.
JCP stock has followed this pattern 116 times over the last 16 years and the stock closed HIGHER 50.00 % of the times on the next trading day.
Figure 1: 5-day JCP stock price pattern
Just post your analysis here man! You're just link spamming now. I want people to go to website too, but I still post the charts here.... Help people make money and they will want to learn more about you and what you do.
Trying to breakout over 9 here today. Watch dips for entries and know that earnings report is in a week if going to swing trade it IF the breakout holds.