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

By Amy Schwartz

JPMorgan Chase (NYSE:JPM) shares have crossed bearishly below their 10-day moving average of $86.98 on a volume of 1.8 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.

In the past 52 weeks, shares of JPMorgan Chase have traded between a low of $50.07 and a high of $93.98 and are now at $86.65, which is 73% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

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