JCP has been trading pretty much sideways for the past couple of years after falling from lofty heights in earlier years.
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A couple of months ago it brushed up against the upper line of its 10-year downhill channel and has sold down since. It is now brushing up against that blue line again for another try to break out. If it can't break out of the blue channel, its sideways 2-year red channel may become history.
Trade well my friends