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J.C. PENNEY COMPANY
(JCP-NYSE):
Technical Viewpoint: From a low
of $8.69 on Oct 12, 2000 prices
rallied, reaching a
high of $12.06
on Nov 21, 2000. A
decline saw prices pull back, reaching a
low of
$8 5/8 on Dec 17, 2000.
Another rally saw prices penetrate
resistance, closing 1/16/01
at $12.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 16, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $11 1/2. Resistance: Is at $15.00.
Point & Figure: Reversed to the upside on Dec 28, 2000. A P&F upside
reversal takes place at $11 1/2. Summary: Technical indicators have turned bullish. BUY! J.C. PENNEY COMPANY
(JCP-NYSE) @ $13 1/8 Stop: Use a protective stop of $11 5/8.
J.C. PENNEY COMPANY is currently trading @ $12.94 plus $.56 on Jan 16, 2001. Price Objective:
$21.00. Risk/Reward: $1 1/2 VS. $7 7/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$21.00
Risk/Reward:
$1 1/2 VS. $7 7/8
Risk/Reward Ratio:
5:1
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