JCP have many bad fundamental and financial data, this company is currently holding a debt level at 4.02B, with An estimated $2.1B in loan payments come due in 2023, even Warren Buffett Avoid this stock. But this company still in progress to climb up. At previous earning, JCP surprise 0.20 (566.67%) higher than 0.04 estimated, JCPenney plans to close 18...
* Some indicators are looking bullish on D1 * Conditions are ready for retracement which spotted with targets.
Going monied, small on this beaten-down brick and mortar ... . Looking for a minor seasonal bounce. Metrics: Probability of Profit: 60% Max Profit: $25 Max Loss/BPE: $3.25 Break Even: 3.25 * -- Options For the Small Account
Another retailer another potential sweet looking base pattern.
If you're going to play anything next week premium selling wise, it's going to be in earnings, because that's all that's really out there volatility-wise. The VIX remains persistently low here, and running a screen for exchange-traded funds with >70% implied volatility rank, and >35% implied volatility yields absolutely nothing. Here's what showed up on my radar...
The chart assumes a LT upward Elliot Wave trend, beginning at ER 1 to the present. I expect the corrective wave following impulse wave 5 to retrace p back to around the .61 retracement, but under the .786. Or does wave 4 actually end at the gap down, with impulse wave 5 just above the .5 retracement? This would bring p currently to the midst of wave b of a...
Here's my "short list" for covered call candidates for next week generated by looking at Barcharts.com high volatility stock options list and the Dough grid: WLL buy shares at 7.66; sell Sept 16th 8 call; 7.10 debit; $90 max profit (12.7% ROC) CC buy shares at 11.45; sell Sept 16th 12 call; 10.78 debit; $122 max profit (10.6% ROC) LC buy shares at 5.40; sell Oct...
$JCP daily looks bullish to me. Coil break to upside and retest of apex w/ a hammer candle. Heavily balance on weekly chart.
JCP has done fake double bottoms before on 2013-10 and 2014-02 A new such Fake bottom is developing. Also is the start of an Elliott Wave impulse cycle. Note however how the Volume profile is heavily titled to downside and how volume practically vanishes on top. Fundamentally, they are trying a few new things and throwing a lot of things on the wall to see what...
JC Penney is a great speculative stock with fundamental reasons to support that a turnaround is in progress. It seems to have bottomed in 2014 and is slowly gaining momentum and swings wildly with optimistic and pessimistic pushes. Overall, I like the stock but don't want to see it get out of hand in either direction. It's path of least resistance right now...
How dare JCP spend time around 70. History will show that JCP always gets punished
Easy to try and call bottom on a stock that looks as cheap as $JCP but the fact is they are still losing money and the downtrend is in tact. Look for a stronger retail player.
With an implied volatility rank of 96 and favorable break even metrics for the setup, JCP presents a fairly decent covered call opportunity here. Buy 100 shares JCP at 6.63 Sell 1 Jan 29th 7 short call Entire Package: 5.94 debit ($594) (which will be your per share break even -- $5.94, which is slightly above the 52-week low) Max Profit: $106 (if called away at...
Is this going to wait for Santa.??. The crowds are in the store but this inst showing signs of Christmas joy...
JCP expected to open at 7.81 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com