JCP waking up, laggard play
This retailer had couple dissapointing earnings before, but on the last it beat above consensus with EPS surprice 0.11 and gapped up with pivot support @ $7.00 that was confirmed and retested in the mid of April. And from the beginnig of May it is building nice upper-level base in front of resistance $9.30. Yeasterday, it broke up tight consolidation which triggered my entry. Will be great to see continuation through resistance then we have 200 MA at $10 which could be our first target.
Stop below moving averages 8.20ish
Stock was underperforming vs overall market because of weak fundamentals. We have earnings on 15 of May.
Stop below moving averages 8.20ish
Stock was underperforming vs overall market because of weak fundamentals. We have earnings on 15 of May.
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