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JPMorgan Chase Bearish Moving Average Crossover Alert (JPM)

By Shiri Gupta

JPMorgan Chase (NYSE:JPM) crossed under its 10-day moving average of $61.06 on a volume of 5.9 million shares. This may provide swing traders with an opportunity 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 $70.61 and a 52-week low of $50.07 and are now trading 19% above that low price at $59.58 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

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: moving crosses JPMorgan Chase

Ticker(s): JPM