JCP Losing More Than A Penny

J.C. Penney Inc.JCP is declining sharply this morning by 0.69 cents to $31.12 a share. The stock has been under selling pressure for four consecutive trading session. Short term scalp traders can look for intra-day support around the $30.40 level should the stock decline down to that level. There will be some minor intra-day support around the $30.90 area first. Nicholas Santiago InTheMoneyStocks.com