Long
JCP exit plan
The $15.00 level would likely serve as an exit point for me having almost tripled my initial investment. However, taking a look at a five year chart shows the potential for the stock to continue to run if it is able to return to the $15.00 level. As recently as 2012 shares trading above $40.00. From a purely technical perspective, the stock will face resistance every $5.00 should it be fortunate enough to break $15.00.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.