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Jpmorgan Chase Set to Possibly Rebound After Yesterday's Selloff of 1.34%

By James Quinn

Jpmorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $108.57 to a high of $111.47. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $111.47 on volume of 13.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Jpmorgan Chase share prices have moved between a 52-week high of $119.33 and a 52-week low of $94.96 and are now trading 16% above that low price at $109.90 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Jpmorgan Chase and will alert subscribers who have JPM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders JPMorgan Chase

Ticker(s): JPM