Today's Perilous Reversal Stock: JC Penney (JCP)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified JC Penney ( JCP) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified JC Penney as such a stock due to the following factors:

  • JCP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $140.1 million.
  • JCP has traded 779,830 shares today.
  • JCP is down 3% today.
  • JCP was up 20.3% yesterday.

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More details on JCP:

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. Currently there are 2 analysts that rate JC Penney a buy, 6 analysts rate it a sell, and 8 rate it a hold.

The average volume for JC Penney has been 16.1 million shares per day over the past 30 days. JC Penney has a market cap of $2.0 billion and is part of the services sector and retail industry. The stock has a beta of 1.91 and a short float of 36.7% with 5.67 days to cover. Shares are up 1.2% year-to-date as of the close of trading on Tuesday.

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