Arbitrage advance level has finally crossed the 0 line which means our Arbitrage Band is finally pointing up
Arbitrage Tick has signaled we had a new higher high within the last 2 days
And the Arbitrage Band has signaled a green flag letting us know it's time to enter the trade.
3 standard deviations from our mean puts JCP at 4.95 within the year.
Strong evidence of accumulation at this balance area as buy limit orders are pressing higher and volume is totally drying up. First target is to 8, then to somewhere above 10.50 at liquidity. Placing stop below 3.85. This stock had good earnings so we have fundamentals backing up this buying campaign. If price can hold above 10.50, then its going higher. ...