JCP, Its CEO And Its Stock Price
InTheMoneyStocks.com | Sep 05, 2018 04:42PM ET
JC Penney (NYSE:JCP is likely to name a new CEO soon. Should the name be big and investors gain confidence, look for the stock to surge back to $2.40. That would be an almost 50% move in the stock. To add fuel to the fire for a surge higher, I am watching the stock chart. There is a classic bullish pattern starting to form. If JCP moves above $1.80, the breakout will begin. See the chart below for a visual. Please note, any break of the all time low of $1.60 would trigger the stop.
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