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Next Support Level for Jpmorgan Chase (JPM) is $105.97

By Amy Schwartz

Shares of Jpmorgan Chase (NYSE:JPM) have bearishly opened below the pivot of $108.94 today and have reached the first support level of $107.66. Analysts will be watching for a cross of the next downside pivot targets of $105.97 and $103.00.

In the past 52 weeks, Jpmorgan Chase share prices have been bracketed by a low of $91.11 and a high of $119.24 and are now at $106.12, 16% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Jpmorgan Chase (NYSE:JPM) has potential upside of 14.5% based on a current price of $106.12 and analysts' consensus price target of $121.48. The stock should find initial resistance at its 200-day moving average (MA) of $107.34 and further resistance at its 50-day MA of $111.87.

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