Market Overview

JCPenney Hovers Above Lower End Of 31-Day Trading Range


J C Penney Company Inc (NYSE: JCP) shares are trading lower by $0.27 at $5.64 in Monday's session. The issue has been in just one dollar trading range since February 28.

The top of the trading is defined by the multiple highs at $6.50 area, with the highest level being its February 28 high of $6.53. Over the last nine sessions, including Monday's price action, the issue has been multiple highs just above and below the $6.00 area.

The bottom of the trading range is defined by the multiple lows at the $5.50 area, with its March 24 low ($5.45) marking the exact bottom of the range.

After a flat open, it found sellers one penny above Thursday's close ($5.91) as $5.92 stands as the current high for the day. At this time, the issue is attempting to find support just ahead of the recent move as $5.62 stands as the low for the day.

Posted-In: Technicals Intraday Update Movers Trading Ideas


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