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One Minute Chart Video Analysis JC Penny & Retail Holders

JC Penny (JCP)

I am bearish on the stock but it is not a short sale. We are looking to add the call options once it hits our price target.

Retail Holder (RTH)

The RTH appears poised to take out its 50 day moving average and probably head alot lower. The candlestick seen today was very bearish. The fallout of JCP cutting prices to compete during the holiday season make the entire Retail sector vulnerable to a correction.

 

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