Seeking Alpha

InTheMoneyStocks'  Instablog

Send Message is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
My blog:
Rant & Rave - Pro Traders Blog
  • JCP Is Popping, Where Is It Stopping? 0 comments
    Jan 29, 2013 10:39 AM

    This morning, leading retail stock J.C. Penney Company Inc (NYSE:JCP) is catching a strong bid higher on the trading session. The stock is moving on the news that the company is going back to its old ways of offering sales to shoppers. Last year, the company announced that it was done with promotional pricing, however we can obviously see that the results have not been very good for the stock price. Remember, J.C. Penney is not Nordstrom Inc (NYSE:JWN), they simply have two different consumers. Nordstrom has always catered to the more affluent consumer, while J.C. Penney has attracted more of the bargain shopper.

    J.C. Penney could start to take some business away from other retail leaders such as Macy's Inc (NYSE:M), Sears Holdings Corporation (NASDAQ:SHLD), and Kohl's Corporation (NYSE:KSS). Short term traders following JCP stock should watch for intra-day resistance around the $20.60 level. The daily chart of JCP stock will have daily chart resistance around the $22.00 area.

    (click to enlarge)

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Gareth had members buy $ICLD yesterday at $2.65. Today he sold at $3.35. 26% profit in a day. The chart told everything, learn to read them!
    Jun 3, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.