Retail Weak After Monster Gains

Many retail stocks are beginning to show signs of a pull back after some of the biggest up moves in recent history. J.C. Penney Company, Inc. (NYSE:JCP) is trading at $32.60, -1.27 (-3.75%). The stock over the last two months had a move that will live in the history books. On August 31st, 2010, JCP was trading at $19.42. In the last week, it made a high of $34.50, a move of 77.65%. Other retail stocks have performed almost as well. Polo Ralph Lauren Corporation (NYSE:RL) moved from $74.50 to $95.66 and American Eagle Outfitters (NYSE:AEO) jumped from $11.98 to $17.46. These stocks are broadly weaker today and look like profit taking may be starting. To gain more analysis, guidance, swing trades and education, join the Research Center. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com #1 Rated