mitchdevan
Long

JCP exit plan

NYSE:JCP   PENNEY J C INC
49 0 1
The $15.00 level would likely serve as an exit point for me having almost tripled my initial investment. However, taking a look at a five year chart shows the potential for the stock to continue to run if it is able to return to the $15.00 level. As recently as 2012 shares trading above $40.00. From a purely technical perspective, the stock will face resistance every $5.00 should it be fortunate enough to break $15.00.

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