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

By David Diaz

JPMorgan Chase (NYSE:JPM) traded today at a new 52-week high of $62.67. This new high was reached on below average trading volume as 3.1 million shares traded hands, while the average 30-day volume is approximately 12.2 million shares.

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.

Potential upside of 7.2% exists for JPMorgan Chase, based on a current level of $62.56 and analysts' average consensus price target of $67.08. JPMorgan Chase shares have support at the 50-day moving average (MA) of $59.68 and additional support at the 200-day MA of $58.02.

In the past 52 weeks, JPMorgan Chase share prices have been bracketed by a low of $52.97 and a high of $62.67 and are now at $62.56, 18% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 0.02% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of JPMorgan Chase on October 28th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.25. Since that recommendation, shares of JPMorgan Chase have risen 3.6%. We continue to monitor JPM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows JPMorgan Chase

Ticker(s): JPM