lowtrade

[lowtrade]

JCP (Penny's) was one I had high hopes for several months ago, like SHLD (Sears). Both failing retailers showing signs of turnaround, under new management. But both have failed to impress the investment community yet, getting support. I'd trade both on short term chart patterns alone. And forget any investment strategy for now.

Right now JCP is working on a bear flag. That's a small gap. Probable, but continuation less so. IMO. Not my cup of tea, and SHLD has just reached a double bottom target, more potential.