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JPMorgan Chase Crosses Below its 10-day MA (JPM)

By Nick Russo

Today, shares of JPMorgan Chase (NYSE:JPM) have crossed bearishly below their 10-day moving average of $86.67 on a volume of 3.3 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 $93.98 and a 52-week low of $50.07 and are now trading 72% above that low price at $86.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

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