• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of J.C. Penney Co After 5.64% Loss

By Amy Schwartz

J.C. Penney Co (NYSE:JCP) traded in a range yesterday that spanned from a low of $3.05 to a high of $3.29. Yesterday, the shares fell 5.6%, which took the trading range below the 3-day low of $3.15 on volume of 10.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

J.C. Penney Co share prices have moved between a 52-week high of $11.30 and a 52-week low of $2.35 and are now trading 32% above that low price at $3.10 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in J.C. Penney Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of J.C. Penney Co in search of a potential trend change.

Keywords: rebounders j.c. penney co

Ticker(s): JCP