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

By James Quinn

Today, shares of Jpmorgan Chase (NYSE:JPM) have crossed bearishly below their 10-day moving average of $110.67 on a volume of 2.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Jpmorgan Chase share prices have been bracketed by a low of $91.11 and a high of $119.24 and are now at $108.71, 19% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 0.41% higher over the past week, respectively.

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