Position Updates & Gauges For Trading on 10/7/2016

Mish Schneider | October 6, 2016

No Stop Changes ++++++++++++++++++++++++++++++++++ New Position: JCP: Long at 9.10 ATR: .30 Name of Instrument: J.C. Penney Current Price: 9.38 Reason For Trade: I’ve been watching this stock for a while. This recent correction puts in on major support in 3 timeframes. Daily chart-the 200 DMA. Weekly chart-the 50 WMA. Monthly chart-the 23-month MA. Our stop is under all 3 MAs should it fail. Furthermore, Sephora has started to have a presence in many JCPs

This content is for Premium subscribers only. Please register or click here to login.