Tuesday, January 29, 2013

JC Penny (JCP) threatens 4-month trendline resistance

JAN29 0038EST. Shares in JC Penny (JCP) are peeking through the resistance of a 4-month trendline on the hourly-candles chart. The trendline is shown below as the upper line of the dashed yellow channel.

JCP (JC Penny). Aug 28, 2012 to Jan 28, 2013. Hourly candles.