{"id":24700,"date":"2013-08-15T12:47:58","date_gmt":"2013-08-15T16:47:58","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=24700"},"modified":"2016-09-20T14:17:34","modified_gmt":"2016-09-20T18:17:34","slug":"short-squeeze-potential-jc-penny-jcp","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2013\/08\/15\/short-squeeze-potential-jc-penny-jcp\/","title":{"rendered":"Short Squeeze Potential &#8211; JC Penny (JCP)"},"content":{"rendered":"<p>Taking a look at the chart and the price action on a tough tape for JC Penny.<\/p>\n<p>We will have a <a href=\"http:\/\/www.triggerpointresearch.com\">TriggerPoint Setups video<\/a> up shortly on this&#8230; But here is the basic situation.<\/p>\n<p>JC Penny is expected to announce earnings on 8\/20. Not many seem to think that anything good will come out of that announcement. however, there is a large amount of shares sold short against this name to the tune of 30% of the float.<!--more--><\/p>\n<p>Notice on the chart the arrows that point out a zone from about $13 to $15.50 that has little volume participation. These area we call &#8220;fast zone&#8221; that are often associated with quick moves. With some short covering inevitable ahead of earnings, this may be a <em><strong>trade<\/strong> <\/em>that could have some potential.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/jcp-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24701 aligncenter\" alt=\"jcp\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/jcp-1.jpg\" width=\"537\" height=\"319\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking a look at the chart and the price action on a tough tape for JC Penny. We will have a TriggerPoint Setups video up shortly on this&#8230; But here is the basic situation. JC Penny is expected to announce earnings on 8\/20. Not many seem to think that anything good will come out of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[24,42],"tags":[490],"class_list":["post-24700","post","type-post","status-publish","format-standard","hentry","category-earnings","category-stocks","tag-stocks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/24700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=24700"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/24700\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=24700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=24700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=24700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}