J.C. Penney breaks recent lows, levels to watch

theflyonthewall.com

The stock is down over 7% today, breaking the lows of last week. At the current price of $19.11, next support is at $19.06, a pivot low from July. The $19 area is support going back three years, and a breakdown below that area would therefore have more bearish price implications. Support below $19 would be at $18.30. Resistance is at $19.52, last week's low.

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