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Jpmorgan Chase Crosses Above its 10-day MA (JPM)

By Shiri Gupta

Jpmorgan Chase (NYSE:JPM) crossed over its 10-day moving average of $125.20 on a volume of 892K shares. This may provide swing traders with 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 $91.11 to $127.42 and is now at $126.06, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Jpmorgan Chase and will alert subscribers who have JPM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses JPMorgan Chase

Ticker(s): JPM