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Long

JC Penney 4 Wave Scenario

NYSE:JCP   PENNEY (JC) CO INC
Taking into account this scenario, the share price may be rebounding to a bullish scenario for the following weeks. The target may well be $5.78 taking the 2016-08-12 as the beginning of the 2 Elliot bearish wave. Stops below $3.08.
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