JC Penney: The Trend Continues Up (JCP)
SmarTrend identified an Uptrend for JC Penney (NYSE: JCP) on February 19, 2010 at $27.48. In approximately 4 weeks, JC Penney has returned 13.8% as of today's recent price of $31.26.
JC Penney is currently above its 50-day moving average of $26.93 and above its 200-day moving average of $29.57. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of JC Penney shares.
Write to Chip Brian at cbrian@tradethetrend.com
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