Is J.C. Penney Company, Inc. (JCP) Finding A Long Lost Shimmer?

With J.C. Penney Company, Inc. (NYSE:JCP) up 5 percent last week, has the department store turned a corner? J.C. Penney up 5 percent in one week While J.C. Penney Company, Inc. (NYSE:JCP) is still down over 1 percent on the year, the retail sector may experience a headwind from consumer confidence and the weather, according to a Sterne Agee report. Sterne Agee notes consumer confidence, weather Consumer confidence has been rebounding strongly since January 2009, and the latest readings fit right in with that trend, with the latest reading at 83.0, up from 81.7 in April. The average reading has been 84.5…