The price of the stock is falling because the divi is going to be cut. currently paying means nothing. It's what will it pay in two years?
JCP is a dead man walking company. It was easy to see several years ago when the homosexuals took over mgmt. I, like millions of conservative shoppers vowed to never set foot in one again.
So when the line in the sand 20 is busted what are you going to do. The big boys will likely dump millions of shares and take a tax loss. What are you gonna do, hold or fold?
Speculation brings poverty my friend. Most who have bought these REITS wanting to get rich from the high divi's have lost their shirt.
The volume and price action of this stock looks terrible. Something bad may be lurking ahead so this one is for extreme speculation or gambling only in my opinion.
REITs are showing you what the stock market is going to be doing in a few months. Going straight down! The question what will be a fair price for the REITS in a few years. I can see this at 10 in a few years! The FED has made this possible with there ponzi zero interest rate scheme.
Price and volume action says 20 will be hit and tested. . Buy at support and sell resistance!. If it holds, buy more on the way up, if 20 is busted, sell it all fast.
Price and Volume action show 20 will be hit and tested. No brag just fact.
Price and Volume action shows extreme weakness. Market off like a rocket and AGNC down. This tells me that 18 is coming real soon. The big money is selling on any strength to get out.