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JPMorgan Chase: 52-Week High Recently Eclipsed (JPM)

By Shiri Gupta

JPMorgan Chase (NYSE:JPM) traded today at a new 52-week high of $57.52. Approximately 7.1 million shares have changed hands today, as compared to an average 30-day volume of 20.7 million shares.

Potential upside of 8.4% exists for JPMorgan Chase, based on a current level of $57.26 and analysts' average consensus price target of $62.08. JPMorgan Chase shares have support at the 50-day moving average (MA) of $52.96 and additional support at the 200-day MA of $51.89.

Over the past year, JPMorgan Chase has traded in a range of $39.88 to $57.52 and is now at $57.26, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.

SmarTrend is monitoring the recent change of momentum in JPMorgan Chase. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of JPMorgan Chase in search of a potential trend change.

Keywords: 52 week high/lows JPMorgan Chase

Ticker(s): JPM