JC Penney
The CIT move has been sugar coated by the MSM the problem is not the suppliers but JCP! This move is not a technical correction move but a fundamental one...CIT as a banker to JCP may be privy to info on the upcoming quarterly results which got them hopping! Got a bad gut about this one...expect a dip to $13.73 before a bounce...if not then $ 12.23
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