Right here on iHub look at the intraday chart GRAPHIC... go out to "2Y" & check the LONG-TERM TREND...what do you see?
Technicals are what they are UNTIL proven OTHERWISE.
JCP has ...NOT PROVEN OTHERWISE....
We'll see if anything changes...For now the LONGER-TERM TREND is precisely as I stated it is...the stock is still obeying the laws, gravity, & parameters of the TECHNICAL indicators & price action as reflected in the chart!!
Simple.
IF you go out to "3Y" you'll see MORE OF THE SAME!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.