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

By Amy Schwartz

Jpmorgan Chase (NYSE:JPM) crossed under its 10-day moving average of $112.70 on a volume of 2.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Jpmorgan Chase has traded in a range of $57.05 to $119.33 and is now at $111.87, 96% above that low. 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