JoeHayes
Long

Bullish Divergence should lead JCP back to 7.50s

NYSE:JCP   PENNEY J C INC
Friday brought the first higher low reading on the mac-d histogram signaling entry for JCP             long. This came off of noticeable momentum divergence from both the histogram and the signal lines. Also, RSI showing some divergence. There was above average volume on Friday leading me to believe that the buying brought on will be able to be sustained as we shoot for the upper resistance level.
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