CNBC's Stock Pops & Drops From October 6

On CNBC's Stock Pops & Drops, Karen Finerman said that J C Penney Company Inc JCP dropped 5.60 percent on fears of a possible decline in sales in front of its analyst day. She added that the whole sector was under pressure and that she likes Macy's, Inc. M much more. Zillow Inc Z dropped 2.48 percent on Monday and Dan Nathan said that the stock closed below its 200-day moving average for the first time since 2013. He wouldn't buy it because it is trading below the key indicator, and because there are some regulatory issues with a purchase of Trulia that might hurt the stock. Micron Technology, Inc. MU got hurt by the news that Samsung is going to invest nearly $15 billion in a chip factory in South Korea. Guy Adami said that the stock was pretty volatile recently and it is an imperative that it holds $30. He believes that it will be able to hold above this price level. Micron Technology, Inc. fell 4.04 percent and it closed at $32.57 on Monday. El Pollo LoCo Holdings Inc LOCO spiked 4.16 percent and it closed at $37.35. Pete Najarian explained that the stock has been consolidating for a while and, on Monday, it bounced through the 200 day moving average and the 50 day moving average. He believes that it is off to the races.
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Posted In: CNBCMediaConsumer DiscretionaryDan NathanDepartment StoresGuy AdamiKaren FinermanPete Najarian
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