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Jpmorgan Chase (JPM) Approaches New Downside Target of $110.41

By Shiri Gupta

Shares of Jpmorgan Chase (NYSE:JPM) opened today below their pivot of $111.46 and have already reached the first level of support at $110.86. Analysts will be watching for a cross of the next downside pivot targets of $110.41 and $109.36.

Potential upside of 10.5% exists for Jpmorgan Chase, based on a current level of $109.98 and analysts' average consensus price target of $121.48. The stock should find initial support at its 50-day moving average (MA) of $108.30 and further support at its 200-day MA of $108.09.

In the past 52 weeks, shares of Jpmorgan Chase have traded between a low of $91.11 and a high of $119.24 and are now at $109.98, which is 21% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.46% higher over the past week, respectively.

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: pivot alerts JPMorgan Chase

Ticker(s): JPM