$JCP $JCPNQ At a Precarious Make or Break Point

The Company recently filed for bankruptcy. Some calling it the next Hertz, but it might turn out to be the next Sears instead. Either way we're just looking at the technicals, and that usually tells the story on whether its a good flip or swing trade and usually it would be, for a few days.

However this one has shown the gains go as fast as they come and precaution needs to be taken on jumping the trade, the timing has to be impeccable as the algos are quick to take it back down.

Trade with caution.