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Jpmorgan Chase (JPM) Crosses Pivot Point Resistance at $105.62

By Nick Russo

Shares of Jpmorgan Chase (NYSE:JPM) have bullishly opened above the pivot of $105.43 today and have reached the first resistance level of $105.62. Investors may be interested in a cross of the next upside pivot targets of $105.83 and $106.23.

Jpmorgan Chase (NYSE:JPM) has potential upside of 14.8% based on a current price of $105.79 and analysts' consensus price target of $121.48. Jpmorgan Chase shares should encounter resistance at the 200-day moving average (MA) of $108.02 and support at the 50-day MA of $103.12.

Over the past year, Jpmorgan Chase has traded in a range of $91.11 to $119.24 and is now at $105.79, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Jpmorgan Chase on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.61. Since that recommendation, shares of Jpmorgan Chase have risen 5.8%. We continue to monitor JPM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts JPMorgan Chase

Ticker(s): JPM