SOURCE: Wall Street Active

February 20, 2013 08:00 ET

Today's Technical View on JCP, M and KSS

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 20, 2013) - Equity markets re-opened on Tuesday following a long weekend. Stocks rose sharply on Tuesday as sentiment was lifted by some robust German economic data. All three benchmark indexes posted gains, with the S&P 500 and the Dow Jones finishing at five-year highs. At the end of Tuesday's trading session, our research team took notice of J. C. Penney Company Inc. (NYSE: JCP), Macy's Inc. (NYSE: M) and Kohl's Corp. (NYSE: KSS). Wall Street Active research team has completed free research on JCP, M and KSS. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

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J.C. Penney Shares Slip

Despite the sharp rise in the broad market, shares of retailer J.C. Penney slipped in Tuesday's trading session. The stock closed 0.96% lower at $19.61 on volume of 4.87 million. J.C. Penney's shares had struggled in 2012 as the company's financial performance deteriorated. The stock has been essentially flat this year, even as the S&P 500 has climbed 7.33%. The stock is still trading above its 50-day moving average though, which is a bullish signal. J.C. Penney's shares have been struggling to break through $20 resistance level in the last few trading sessions. The stock currently has strong support at around $19. Sign up today and get useful insight about JCP for free at

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Macy's Shares Rise Sharply

Macy's shares rose sharply on Tuesday. The stock rose 3.35% to finish the day at $40.43 on above average volume of 5.81 million. The sharp rise on significant volume suggests that market sentiment has turned bullish on Macy's. The bullish trend is further confirmed by the MACD chart. The stock's MACD has just moved above the signal line. The stock is also trading above its 50-day and 200-day moving averages. Year-to-date, shares have gained 3.61%, underperforming the S&P 500. The stock is now trading close to $40.50 resistance level. The next resistance level for the stock is at $41. Macy's shares have support at around $39. Free report on M can be accessed by registering at

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Kohl's Shares Rise Marginally

Kohl's shares rose marginally in Tuesday's trading session. The stock hit an intra-day high of $46.84 before finishing the day 0.30% higher at $46.48 on above average volume of 3.17 million. Kohl's shares have had an excellent run this year, gaining more than 8%. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish signal. In the last few weeks, Kohl's shares have been struggling to break through $47 resistance level. The stock currently has support at $46. Register with Wall Street Active and download the research on KSS for free at
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Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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