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JPMorgan Chase (JPM) Crosses Pivot Point Resistance at $67.73

By Amy Schwartz

JPMorgan Chase (NYSE:JPM) has opened bullishly above the pivot of $67.23 today and has reached the first level of resistance at $67.73. Investors may be interested in a cross of the next upside pivot targets of $68.29 and $69.34.

In the past 52 weeks, JPMorgan Chase share prices have been bracketed by a current low of $0.00 and a high of $70.61 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.22% lower and 0.68% higher over the past week, respectively.

JPMorgan Chase has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $73.17. JPMorgan Chase shares should first meet resistance at the 50-day moving average (MA) of $60.39 and find additional resistance at the 200-day MA of $62.55.

SmarTrend recommended that subscribers consider buying shares of JPMorgan Chase on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.51. Since that recommendation, shares of JPMorgan Chase have risen 4.1%. 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