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Author Topic: JCP - J.C. Penney Company, Inc. - NYSE  (Read 4245 times)
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Vegas
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« on: October 23, 2013, 04:33:28 PM »


Daily Chart:  http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p14629164753

Weekly Chart:  http://stockcharts.com/h-sc/ui?s=JCP&p=W&b=5&g=0&id=p16305158831

News:  http://finance.yahoo.com/q/h?s=JCP+Headlines

Business Summary:  J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. It also provides various services, such as styling salon, optical, portrait photography, and custom decorating. As of February 2, 2013, it operated 1,104 department stores in 49 states and Puerto Rico. The company also sells its products through its Internet Website, jcp.com. The company was founded in 1902 and is based in Plano, Texas.
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Vegas
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« Reply #1 on: October 23, 2013, 04:36:36 PM »


I realize this is a little higher priced stock than I like for a pincher play as well as it is on the NYSE which is not my favorite but I thought based on name recognition and longevity as well as a nice set-up chart-wise, I would post it up and see what happens...

At least we shouldn't have to worry about bankruptcy...
 Wink
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Anthony
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« Reply #2 on: October 24, 2013, 12:41:55 PM »

I'm in! I might have to buy back after the pinch for a long term play.

Thanks for posting this V.
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« Reply #3 on: October 24, 2013, 01:13:57 PM »

I'm in! I might have to buy back after the pinch for a long term play.

Thanks for posting this V.

I think it could go sideways for a bit but overall it is a nice pincher pattern... The holiday season is coming up also so I would think that should be a positive for their sales... I will watch it for a while yet and see what it does...
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« Reply #4 on: October 24, 2013, 03:34:17 PM »

If it goes under $6,I'm gonna double down,and try to hold 1,000 shares(have 1,100 now) for the recovery.(hopefully it will happen?) Will just have to hold and hurry up and wait with it after the pinch is over for a long term gain?Missed out on a lot of those "long term gain" stocks that were rel cheap a couple of years ago.Like RAD(just one example of many) a few years ago it was trading around $1.00,now its over $5.00!

Good find though V,I totally forgot to look at this one.
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« Reply #5 on: October 28, 2013, 01:20:32 PM »



This one might be the next negative earning stock that gets ran-up on high hopes?


J.C. Penney up after CEO keeps sales outlook
47 minutes ago - DJNF


NEW YORK (MarketWatch) -- J.C. Penney Co. (JCP) shares rose 7.1% on Monday after Chief Executive Mike Ullman reportedly said at trade publication WWD's CEO Summit that he still expects Penney to return to positive same-store sales in the third quarter. He also said that sales trends at the struggling retailer are improving, Reuters reported.
-Andria Cheng; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires
October 28, 2013 12:28 ET (16:28 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
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Vegas
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« Reply #6 on: October 28, 2013, 01:49:15 PM »



This one might be the next negative earning stock that gets ran-up on high hopes?


J.C. Penney up after CEO keeps sales outlook
47 minutes ago - DJNF


NEW YORK (MarketWatch) -- J.C. Penney Co. (JCP) shares rose 7.1% on Monday after Chief Executive Mike Ullman reportedly said at trade publication WWD's CEO Summit that he still expects Penney to return to positive same-store sales in the third quarter. He also said that sales trends at the struggling retailer are improving, Reuters reported.
-Andria Cheng; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires
October 28, 2013 12:28 ET (16:28 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.

Pinching on the news with increased volume... Now if it can continue the upward momentum...
 Huh
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #7 on: November 06, 2013, 11:58:29 AM »


An Overview Of The Pinch With The Technicals Annotated In Blue

A Gain Of 32%


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« Reply #8 on: November 15, 2013, 02:18:07 PM »

Second leg on this one is working out pretty good so far:)
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« Reply #9 on: November 27, 2013, 12:41:18 PM »

Third leg,still moving up!
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« Reply #10 on: November 27, 2013, 01:46:09 PM »

Third leg,still moving up!

Yep... About an 80% gain since it started the move up in October...
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« Reply #11 on: January 29, 2014, 03:39:41 PM »

Looks like this one is forming into another pinch,but not as tight as it did the first time?

http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p31271751419
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« Reply #12 on: January 29, 2014, 03:53:00 PM »

Looks like this one is forming into another pinch,but not as tight as it did the first time?

http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p31271751419

May possibly pull back to that previous 6.24 bottom...
 Huh

http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p31271751419
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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Have an entry / exit strategy and you will be fine


« Reply #13 on: February 27, 2014, 09:21:23 AM »

Up big in pre market...
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Anthony
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« Reply #14 on: February 28, 2014, 10:30:45 AM »

 Earnings were better than people thought they would be,and turnaround is looking good now that they reported.

Still a WHOLE LOT of short interest in here,so after the gap up yesterday the MM is probably hold it down for a couple more days(or hours?) to let some shorts cover. Shorts were hoping for JCPQ,didn't happen,and won't at least not in the near future.

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