Today's Technical View on JCP, M and KSS

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.

Contact Person:
Ravi S. Kapur
Telecommunication, Information & Data Manager
info@wallstreetactive.com

Source:
Today's Technical View on JCP, M and KSS

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Following a long weekend, stocks edged higher in Tuesday's trading session as sentiment was lifted by robust German economic data and a rise in M&A activity. The Dow Jones closed 0.39% higher at 14,035.67, the S&P 500 closed 0.73% higher at 1,530.94, and the NASDAQ closed 0.68% higher at 3,213.59. At the close, our research team took notice of Target Corp. (NYSE: TGT), Costco Wholesale Corp. (NASDAQ: COST) and Family Dollar Stores Inc. (NYSE: FDO). Wall Street Active research team has completed free research on TGT, COST and FDO. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at
http://www.wallstreetactive.com/register.php
Target Shares Edge Higher
After falling sharply in Friday's trading on substantial volume, Target shares bounced back on Tuesday. The stock rose 0.26% higher at $61.87, with volume up from daily average of 4.83 million to 6.88 million. Target's shares rose to a 52-week high of $62.06 on Tuesday. Although the company's shares are trading above their 50-day and 200-day moving averages, market sentiment appears to be bearish on the stock at the moment. Also, the MACD chart is giving bearish signals. Target's shares currently have support at around $61.50. Sign up today and get useful insight about TGT for free at
http://www.wallstreetactive.com/register.php
Costco Wholesale Shares Fall Marginally
Costco Wholesale shares fell in Tuesday's trading even as the broad market rallied. The stock ended the day 0.26% lower at $101.90 on volume of 1.89 million, which is slightly below the daily average of 1.99 million. Year-to-date Costco Wholesale's shares have gained 3.21%, underperforming the broad market. In the last year, though, the stock has had an excellent run, gaining more than 20%. In recent weeks, the company's shares have been trading sideways, struggling to breakthrough $103 resistance level. The stock has strong support at around $101. Costco Wholesale's shares are still trading above their 50-day and 200-day moving averages. Free report on COST can be accessed by registering at
http://www.wallstreetactive.com/register.php
Family Dollar Stores Shares Fall Sharply
After falling more than 1% in the previous trading session, Family Dollar Stores shares once again fell sharply in Tuesday's trading session. The stock closed 1.63% lower at $55.03 on Tuesday after falling to an intra-day low of $54.45. Family Dollar's shares are now trading close to their 52-week low of $53.26. Year-to-date, the stock has fallen more than 13%, underperforming the S&P 500, which is up 7.33% in the same period. Technical indicators for Family Dollar Stores are currently giving strong bearish signals. The stock is trading well below its 50-day and 200-day moving averages currently. Register with Wall Street Active and download the research on FDO for free at
http://www.wallstreetactive.com/register.php
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.

Contact Person:
Ravi S. Kapur
Telecommunication, Information & Data Manager
info@wallstreetactive.com

Source:
Fundamental Outlook on TGT, COST and FDO

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