Replies to post #8333 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Webwyrm]

Always a risk investing or trading stocks. Looking to test that 4 support it sure seems

[budmgd]

well IMO the major area of support right now is 3.75ish..a break below that would indicate a break in the uptrend a be a sell point for you if you are worried about your trade. I am investing and not trading here as I don't think JCP is going anywhere..but if I was swing trading (as I do elsewhere) I would look at major support and resistance areas. In other words, buy in 3.75s and sell in the 4.25zzzzzzzzzzzz for now. GLTA

Chart attached

http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p22557736059