JCP

Here is a 15 month chart showing the stock’s recent strength. Seeing how the stock performed at the end of last year, I was comfortable accumulating shares up to the $8.00 - $8.50 level. I felt that this level would provide significant support once for shares once it reversed, which it certainly has. It now appears as though the $10.00 level will provide an additional level of support for the stock. If the stock can break the $12.00 level, it will not face resistance until $15.00.