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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Gangs of J.C. Penney

chessNwine Fri Nov 15, 2013 11:31am EST 11 Comments

For all of the knife-catchers who nailed JCP off the lows, including a slew of 12631 members like mickeyp and gappingandyapping (among others, I am sure I am leaving some out unintentionally), just a quick update here that now is a good spot to lock in some of those courageous gains.

The stock has returned to its declining 50-day moving average (finally), and is back at its 2000 lows from the underside, not to mention the upper daily chart Bollinger Band.

Take some of the gains off the table and enjoy your Friday. This is still a damaged-goods chart.

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JCP

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11 comments

  1. pyromonoxide
    pyromonoxide
    November 15, 2013 at 11:40 am

    beautiful knife catch. they yanked that knife out of the air as it was whizzing by.

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  2. teepee
    teepee
    November 15, 2013 at 11:40 am

    I hear that….stops raised. Chess – probably still on your radar….if not check out $ANR

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  3. teepee
    teepee
    November 15, 2013 at 11:46 am

    ANR – looks ready

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  4. The Fly
    The Fly
    November 15, 2013 at 11:59 am

    lol

    title and pic made me laugh

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  5. gatorsun
    gatorsun
    November 15, 2013 at 3:04 pm

    WPRT out of the ashes

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  6. matanzas
    matanzas
    November 15, 2013 at 3:35 pm

    watch a Texas Mom throw knives at her daughters. Freightening to watch..

    http://www.slate.com/blogs/the_vault/2013/11/12/louella_gallagher_texas_mom_in_1950_newsreel_throws_knives_at_her_daughters.html

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