The Company recently filed for bankruptcy. Some calling it the next Hertz, but it might turn out to be the next Sears instead. Either way we're just looking at the technicals, and that usually tells the story on whether its a good flip or swing trade and usually it would be, for a few days. However this one has shown the gains go as fast as they come and...
Money had been flowing out of this asset since 2012. Harmonic target is below $0 dollars.
Just Hold Technical Analysis - check the differences between JCP price movement and Macy's or TJX. those two seem that they have already digested the coronavirus and they are ready to change direction (When?? we do not know). JCP keeps going down Fundamental Analysis: J.C. Penney could file for bankruptcy as soon as May 15. It is in talks to fund its business...
Im expecting a bounce to $1 or so.. there is many reasons like investors that might want to rush into this opportunity at this great price! JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a...
$JCP is playing w/ the 10Day EMA. If it breaks it, it may be due for another % gain.
Dates in the future with the highest probability for price direction reversals
Just a notice, NOT trading advice. JCP has taken high at 1.23 and got -10% since yesterday because of bad news about KSS. Looks like JCP grow is going to continue and possibly it's a good time to come in, at least for a short time. What do you think?
Kohls has earning pre market Tuesdays, We are currently sitting at resistance,I think if the market drops a little bit on Mondays, I would buy KSS up play it for a quick run up and sell before ER. I think it has potential to gap-fill to $62.5. However if it drops after ER, i would buy the dip around $52 for a run up again.
Continuing to breakout here. Next key levels to break are $1.07 top end of gap fill and $1.13 (200-Day MA). First PT: $1.13 (200-Day MA) Second PT: $1.25 !
J. C. Penney Co., Inc. is a holding company, which through its subsidiary, J. C. Penney Corporation, Inc., engages in the selling merchandise and services to consumers through its department stores and website. It offers appliances, handbags, shoes, jewelry, shoes, and clothes. The company was founded by James Cash Penney in April 1902 and is headquartered in...
We have previously broken out and made a pull back to the region. Potential buy.
Will update fundamentals and thoughts.
J. C. Penney Company, Inc. is an American department store chain with 865 locations. It is a micro-cap @$187million. This upcoming earnings, this companies fate will be decided as the street awaits details of long-term plan. If the stock remains below $1 for a period of 30 consecutive business days, they will face delisting from the NYSE market. JCP...
PARIS (Reuters) - U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its continued tie-up with U.S. department store J.C. Penney. The 117-year-old money-losing chain, based in Plano, Texas and which has rolled out hundreds of Sephora shops within its stores across the...
We have entered oversold territory where we have seen a previous large rejection from - Led to a 50% increase. After consolidating around 1.20 for a few session we had positive earnings that led to another 50% rally of 1.20. Even though earning where just negative this is oversold territory for JCP .
If we retrace to Blue zone presents good buying opportunity.