I think this trade will take more than a while to breakout.. it looks very much like a triple bottom or even an inverse head and shoulders.
Macy's right now is a great buy considering we are opening up again (not saying this is the end for COVID-19 but the markets will pump).. I would consider taking 75% profits on this trade around 6.50-7.00 for short term plays....
NYSE:JCP
It is too risky to invest now in this stock.
Technical Analysis shows a bearish market, that could move sideways if an agreement with the lenders will be found, otherwise it might file for bankruptcy and most likely all the money invested will be lost.
Fundamental Information.
The company, once worth billions, is now valued at just $79 million, with...
Im expecting a bounce to $1 or so.. there is many reasons like investors that might want to rush into this opportunity at this great price!
JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a...
J. C. Penney Company, Inc. is an American department store chain with 865 locations. It is a micro-cap @$187million.
This upcoming earnings, this companies fate will be decided as the street awaits details of long-term plan.
If the stock remains below $1 for a period of 30 consecutive business days, they will face delisting from the NYSE market.
JCP...
J. C. Penney Co., Inc. is a holding company, which through its subsidiary, J. C. Penney Corporation, Inc., engages in the selling merchandise and services to consumers through its department stores and website. It offers appliances, handbags, shoes, jewelry, shoes, and clothes. The company was founded by James Cash Penney in April 1902 and is headquartered in...
