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JC Penney Falling Today on Above-Average Volume (JCP)

By David Diaz

JC Penney shares are trading on heavy volume today, having fallen 2.1% to $7.42. About 15.0 million shares have been traded today, as compared to the 30-day average volume of 12.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of JC Penney on April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $9.76. Since that call, shares of JC Penney have fallen 22.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, JC Penney share prices have been bracketed by a low of $6.00 and a high of $11.99 and are now at $7.52, 25% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 1.35% higher over the past week, respectively.

Keywords: unusual volume JC Penney

Ticker(s): JCP