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Next Support Level for Jpmorgan Chase (JPM) is $108.47

By David Diaz

Shares of Jpmorgan Chase (NYSE:JPM) have bearishly opened below the pivot of $110.33 today and have reached the first support level of $109.22. Should the shares continue to fall, the support pivots of $108.47 and $106.60 will be of interest.

Potential upside of 12.0% exists for Jpmorgan Chase, based on a current level of $108.45 and analysts' average consensus price target of $121.48. The stock should find resistance at its 50-day moving average (MA) of $110.58, as well as support at its 200-day MA of $106.23.

Over the past year, Jpmorgan Chase has traded in a range of $85.82 to $119.33 and is now at $108.45, 26% above that low. The 200-day and 50-day moving averages have moved 0.26% higher and 0.07% higher over the past week, respectively.

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: pivot alerts JPMorgan Chase

Ticker(s): JPM