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Jpmorgan Chase Falls 1.98% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Jpmorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $107.78 to a high of $110.36. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $109.52 on volume of 9.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Jpmorgan Chase share prices have been bracketed by a low of $85.82 and a high of $119.33 and are now at $107.94, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.

Keywords: rebounders JPMorgan Chase

Ticker(s): JPM