Shares of JPMorgan Chase Rise to a New 52-Week High
JPMorgan Chase (NYSE:JPM) traded at a new 52-week high today of $49.46. So far today approximately 8.8 million shares have been exchanged, as compared to an average 30-day volume of 23.7 million shares.
JPMorgan Chase share prices have moved between a 52-week high of $49.46 and a 52-week low of $30.83 and are now trading 60% above that low price at $49.26 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.
There is potential upside of 5.0% for shares of JPMorgan Chase based on a current price of $49.26 and an average consensus analyst price target of $51.74. The stock should discover initial support at its 50-day moving average (MA) of $45.44 and subsequent support at its 200-day MA of $39.90.
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 recommended that subscribers consider buying shares of JPMorgan Chase on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.76. Since that recommendation, shares of JPMorgan Chase have risen 15.1%. We continue to monitor JPM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows JPMorgan Chase