Friday, July 17, 2009
US Stocks - JC Penny & American Express
Both these 2 US stocks belong to the financial sector. Both have bullish divergences at their respective daily and weekly chart which usually means they are already or near the end of their prior bear cycle. If one is looking for a longer term holdings in their portfolio, these should be it.
American Express has already flashed another buy signal, but JC Penny has not as it is still caught in a range.
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