JCP

P&F Bearish Triangle 4 20 2017

Triangles are formed when both the supply and demand for the stock are drying up. Prices are unable to rise but neither are they able to fall, there is an equilibrium between the buying and selling as is seen by the rising bottoms and the falling tops that form the triangle. This stalemate between buyers and sellers is finally resolved by a double top breakout in the case of a bullish triangle breakout, or by a double bottom breakdown in the case of a bearish triangle breakdown.
SymbolNameExchangeSectorIndustrySCTRUniverseCloseVolume
JCPJC Penney Co, Inc.NYSECyclicalsBroadline Retailers1.7mid5.7322657748
VRXValeant Pharmaceuticals Intl, Inc.NYSEHealth CarePharmaceuticals0mid8.8812297397
NENoble Drilling Corp.NYSEEnergyOil Equipment & Services2.7mid5.318275193
PPandora Media, Inc.NYSECyclicalsEntertainment4.8mid10.854527224
INCYIncyte Corp.NASDHealth CareBiotechnology84.3lrg123.112034400
HZNPHorizon Pharma plcNASDHealth CarePharmaceuticals16.3sml15.241266839
AAXNAxon Enterprise, Inc.NASDIndustrialDefense28.9sml23.3801763
RLIRLI Corp.NYSEFinancialProperty-Casualty Insurance9.3sml53.01792078
XLRNAcceleron Pharma Inc.NASDHealth CareBiotechnology27.3sml28.37179517