JCPenney: Buy or Sell?

Filed under: Penney (J.C.) (JCP), Technical Analysis

You have got to admit that JCPenney (JCP) has been one heck of an interesting stock. Look at the one-year chart. In a short time, the shares have gone from a 52-week low to almost returning to the 52-week high. Simply amazing.

Back in the middle of August, Trey Thoelcke recorded the dip to the nadir. Bad guidance was the culprit. Continuing the narrative, Joseph Lazzaro wrote a bullish piece on the retailer in the latter part of September. And then, on October 8, Brent Archer came up with an option strategy to take advantage of news reporting a significant stock stake in the business taken on by Pershing Square Capital.

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JCPenney: Buy or Sell? originally appeared on BloggingStocks on Sat, 16 Oct 2010 09:40:00 EST. Please see our terms for use of feeds.

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