• Return to Headlines

Bearish Moving Average Cross by Jpmorgan Chase (JPM)

By Nick Russo

Today, shares of Jpmorgan Chase (NYSE:JPM) have fallen below their 10-day MA of $91.34 on a volume of 3.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Jpmorgan Chase share prices have moved between a 52-week high of $95.22 and a 52-week low of $57.05 and are now trading 58% above that low price at $90.19 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Jpmorgan Chase on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.01. Since that recommendation, shares of Jpmorgan Chase have risen 5.4%. We continue to monitor JPM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses JPMorgan Chase

Ticker(s): JPM