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Shares of Jpmorgan Chase Has Risen Above Previous 52-Week High

By David Diaz

Shares of Jpmorgan Chase (NYSE:JPM) traded at a new 52-week high today of $119.25. This new high was reached on below average trading volume as 901,000 shares traded hands, while the average 30-day volume is approximately 11.3 million shares.

Potential upside of 1.9% exists for Jpmorgan Chase, based on a current level of $119.20 and analysts' average consensus price target of $121.48. The stock should find initial support at its 50-day moving average (MA) of $111.39 and further support at its 200-day MA of $107.30.

In the past 52 weeks, Jpmorgan Chase share prices have been bracketed by a low of $91.11 and a high of $119.25 and are now at $119.20, 31% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.

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: 52 week high/lows JPMorgan Chase

Ticker(s): JPM