StockCall Pre-Market Review on J. C. Penney, Saks Inc., Kohl's, and Dillard's
LONDON, April 18, 2013 /PRNewswire/ --
Markets tumbled on account of renewed worries about domestic and global economic growth. Major indices declined yesterday with the S&P 500 tumbling 1.43 percent to 1,552.01. The services sector also followed the same pattern. The markets are expected to stabilize on the back of earnings reports. Our research team followed major services sector companies in the Department Stores industry like J.C. Penney Company Inc. (NYSE: JCP), Saks Inc. (NYSE: SKS), Kohl's Corporation (NYSE: KSS) and Dillard's Inc. (NYSE: DDS). StockCall analysts initiated preliminary technical research on JCP, SKS, KSS, and DDS. These free reports are accessible by signing today at
http://www.stockcall.com/register
J.C. Penney Company Inc. closed its latest trading session at $14.77, down 2.76 percent from its previous close. The stock traded in the range of $14.58 and $15.13 in Wednesday's session and traded 17.43 million shares. It is likely to face its first resistance level at $15.55 and upon breaching this level the stock may go up to $17.58. On the downside, the company's shares may tumble to $13.93 level. The stock is highly volatile as it sports the beta of 1.80. So far in 2013, it declined 22.14 percent whereas in the past 52 weeks, it lost 56.64 percent of its value. The stock is currently in a neutral mode. J.C. Penney commands market capitalization of $3.25 billion. The free technical analysis on JCP is available by signing up at
http://www.StockCall.com/JCP041813.pdf
Saks Inc.'s stock remained in the green despite its YTD returns seeing a 1.35 percent loss in Wednesday's trading session. The stock traded in the range of $10.77 and $11.05 and closed at $11.00 yesterday. However, it traded higher than average number of shares at 2.78 million. The stock is in a neutral mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $11.04, and it may test the support level of $10.95 in the coming trading sessions. Upon breaching this level, Saks may tumble to $10.87 price level. Register now to download the free research on SKS at
http://www.StockCall.com/SKS041813.pdf
Kohl's Corporation made a downward movement with a 0.23 percent decline in its latest trading session. The company's stock ended yesterday's session at $46.97. Its highest price point for the session stood at $47.10. In the past 12 months, the stock has declined 5.28 percent, while its YTD gain stands at 11.09 percent. Kohl's shares trade at beta of 0.82 which implies low volatility. It traded 2.06 million shares during Wednesday's session, in comparison to its regular daily volume of 2.37 million shares. The company's shares have oscillated in the range of $41.35 and $55.25 in the past 52 weeks. Free report on KSS can be accessed by registering at
http://www.StockCall.com/KSS041813.pdf
Dillard's Inc. is currently trading above its 20-day and 50-day moving average price and is in a neutral mode. It also ended yesterday's trading session 0.06 percent lower at $79.24, further confirming this trend. Dillard's shares saw volume of 343,576 at the end of the session. The stock has underperformed the broader markets and has lost 1.53 percent so far this year. However, it is likely to go up to $80.02 in the coming sessions. Its second resistance level is at $80.91. Dillard's commands market capitalization of $3.69 billion. Register with StockCall and download the research on DDS for free at
http://www.StockCall.com/DDS041813.pdf
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