Traders should now look for long-biased trades in JCP as long as it's trending above some near-term support at $17.36, and then once it sustains a move or close above those breakout levels with volume that hits near or above 9.64 million shares. If that breakout hits soon, then JCP will set up to re-test or possibly take out its next major overhead resistance levels at its
To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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