Penney (J.C.) shares are trading a good tone today ( +4% ) after announced a quarterly earnings that beat analysts' estimates thanks to strong back-to-school sales and new private-label clothing brands. Looking at the daily chart with today session, stock started a rebound after 3 days in a row of losses. Indicators are showing some improvements, so keep an eye on JPC because it seems that it have space to move up till $11.50 in short term. A close above this level it would be excellent for Bulls.

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Labels: JPC