J.C. Penney Inc.(NYSE: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
