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J. C. Penney Company, Inc. Message Board

  • byetwoholed byetwoholed Jul 7, 2014 4:12 PM Flag

    The Street Charts JCP.

    The Street Charts JCP.

    The Street: Inverse head and shoulders with a $10 breakout.

    This is hilarious stuff.

    JCP broke the longer term downtrend line drawn from around $40, months ago. JCP has formed an uptrend line drawn from around $5. We are moving into "back to school" and Christmas season. Big boys love retailers going into the holidays. Shall we wait for JCP to break 10 bucks to buy, or should we have been buying JCP months ago? HaHa. This is one of those no-brainer, high probability investments.

 
JCP
9.89-0.08(-0.80%)Aug 26 4:02 PMEDT