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workingtraders
Aug 12, 2013 9:23 PM

Long idea for J.C Penny ($JCP) Long

Description

Technical Play

1) Key Fib area buyers have stepped in
2) Bullish Harmonic Pattern
3) March 2009 support is holding
4) MACD trend is rising.

Target is 17$ dollars.

Comments
workingtraders
sold rest at 13.40 due to earnings coming out tomorrow
workingtraders
taking off another 1/3 here 13.90
workingtraders
taking 1/3 off here at 13.40
baykar01
LONG 12.90
workingtraders
nice!
workingtraders
Long 12.77. Stop is 12 dollars for now.
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