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Bullish Moving Average Cross by Jpmorgan Chase (JPM)

By Nick Russo

Jpmorgan Chase (NYSE:JPM) shares have crossed bullishly above their 10-day moving average of $91.62 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Jpmorgan Chase has traded in a range of $57.05 to $95.22 and is now at $92.19, 62% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

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 5.3%. 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