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

By David Diaz

JPMorgan Chase (NYSE:JPM) traded at a new 52-week high today of $67.91. Approximately 3.3 million shares have changed hands today, as compared to an average 30-day volume of 13.5 million shares.

Potential upside of 3.4% exists for JPMorgan Chase, based on a current level of $67.90 and analysts' average consensus price target of $70.21. The stock should discover initial support at its 50-day moving average (MA) of $64.16 and subsequent support at its 200-day MA of $60.85.

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.

In the past 52 weeks, shares of JPMorgan Chase have traded between a low of $54.26 and a high of $67.91 and are now at $67.90, which is 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of JPMorgan Chase on February 6th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.14. Since that recommendation, shares of JPMorgan Chase have risen 15.6%. 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