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Jpmorgan Chase (JPM) Crosses Pivot Point Resistance at $104.84

By Nick Russo

Shares of Jpmorgan Chase (NYSE:JPM) opened today above their pivot of $103.87 and have already reached the first level of resistance at $104.84. Should the shares continue to rise, the resistance pivots of $105.99 and $108.11 will be of interest.

Jpmorgan Chase (NYSE:JPM) has potential upside of 17.2% based on a current price of $103.69 and analysts' consensus price target of $121.48. The stock should find initial resistance at its 50-day moving average (MA) of $109.87 and further resistance at its 200-day MA of $111.44.

In the past 52 weeks, shares of Jpmorgan Chase have traded between a low of $102.20 and a high of $119.33 and are now at $103.69, which is 1% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

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