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J. C. Penney Company, Inc. Message Board

  • hzhan1 hzhan1 Jul 4, 2014 12:02 PM Flag

    $9 is the current resistance of JCP, be cautious on this

    'Resistance levels can often turn into support areas once they have been breached. In a strong uptrend, investors and traders will embark on a buying spree once a stock conclusively breaks through resistance, sending it sharply higher. But traders and investors who missed the move may wait on the sidelines for a better price'.

 
JCP
9.28-0.380(-3.93%)Apr 29 4:02 PMEDT