• Return to Headlines

Recent 52-Week Low Surpassed in Shares of J.C. Penney Co (JCP)

By Shiri Gupta

Shares of J.C. Penney Co (NYSE:JCP) traded today at $3.85, breaking its 52-week low. So far today approximately 39.9 million shares have been exchanged, as compared to an average 30-day volume of 12.2 million shares.

Potential upside of 60.1% exists for J.C. Penney Co, based on a current level of $4.03 and analysts' average consensus price target of $6.46. The stock should find initial resistance at its 200-day moving average (MA) of $8.78 and further resistance at its 50-day MA of $10.40.

J.C. Penney Co share prices have moved between a 52-week high of $11.30 and the current low of $3.85 and are currently at $4.03 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

J. C. Penney Company, Inc., through its subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. J.C. Penney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings.

SmarTrend is tracking the current trend status for J.C. Penney Co and will alert subscribers who have JCP in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows j.c. penney co

Ticker(s): JCP