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

By David Diaz

Jpmorgan Chase (NYSE:JPM) shares have crossed bearishly below their 10-day moving average of $109.69 on a volume of 5.0 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.

In the past 52 weeks, shares of Jpmorgan Chase have traded between a low of $85.82 and a high of $119.33 and are now at $108.91, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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