J C Penney Company Inc JCP shares are trading higher by $1.25 at $9.61 in Friday's session. The catalyst for the rally is a Q4 beat for EPS of $0.16 with a slight beat for sales.
After a sharply higher open, it immediately peaked at $9.66 and retreated all the way to $8.89. Since making that low, it roared back in attempt to make a new high, but was turned back at $9.65.
The issue has not closed above $9 since November 3, when it ended the session at $9.16. It should be noted, JCPenney jumped $0.66 from $7.70 to $8.36 on Thursday ahead of the report.
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