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After Yesterday's Decline of 1.26%, Jpmorgan Chase Offers Investors Better Value

By Nick Russo

Jpmorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $114.60 to a high of $116.59. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $115.67 on volume of 5.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Jpmorgan Chase has traded in a range of $57.05 to $119.33 and is now at $114.98, 102% 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 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: rebounders JPMorgan Chase

Ticker(s): JPM