J.C. Penney Higher Ahead Of Q4 Report

J.C. Penney

shares are trading higher by $0.40 at $8.10 in Thursday's session. It is trading higher for the fourth day in a row, rallying from its February 19 close ($7.32) to over $8. It has not closed over $8 since November 27. when it ended the session at $8.21. At this time, it is approaching its November 30 high ($8,22). Additional resistance may be found at the pariof highs from November 25 ($8.37) and November 27 ($8.41). Before Friday's open, the company will release it Q4 earnings report. The Street estimates for EPS are at $0.23 on $3.99B in revenues.