J.C. Penney Company, Inc.’s (JCP) MACD indicator has moved into bearish territory with a reading of –0.2455. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 0.31% to $19.06 in morning trade. The Zacks Consensus Estimate on the company’s loss for the year ending January 2013 has increased by 21 cents over the past month to a loss of $1.48 per share.
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