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Jpmorgan Chase (JPM) Crosses Pivot Point Resistance at $111.51

By Nick Russo

Shares of Jpmorgan Chase (NYSE:JPM) opened today above their pivot of $110.83 and have already reached the first level of resistance at $111.51. Investors may be interested in a cross of the next upside pivot targets of $111.99 and $113.15.

Over the past year, Jpmorgan Chase has traded in a range of $91.11 to $119.24 and is now at $111.25, 22% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 0.40% higher over the past week, respectively.

Jpmorgan Chase (NYSE:JPM) has potential upside of 9.2% based on a current price of $111.25 and analysts' consensus price target of $121.48. The stock should find initial support at its 200-day moving average (MA) of $107.66 and further support at its 50-day MA of $104.34.

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