JCP

P&F Bearish Triangles 5 26 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 Retailers0.4mid4.7111427742
PPandora Media, Inc.NYSECyclicalsEntertainment3.3mid9.225197672
GILDGilead Sciences, Inc.NASDHealth CareBiotechnology8.3lrg64.54021883
GCIGannett Co., Inc.NYSECyclicalsPublishing17.8sml7.82958228
CINFCincinnati Financial Corp.NASDFinancialProperty-Casualty Insurance18.3lrg69.91436152
XNCRXencor, Inc.NASDHealth CareBiotechnology15.9sml21.15364773
SFNCSimmons First National Corp.NASDFinancialBanks23.7sml51.3325296
IIINInsteel Industries, Inc.NASDIndustrialBuilding Materials16.4sml31.32113403