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After Yesterday's Rally of 1.60% Shares Could Potentially Pullback

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Jpmorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $95.81 to a high of $98.47. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $97.57 on volume of 9.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Jpmorgan Chase have traded between the current low of $0.00 and a high of $140.76 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

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.

Write to SmarTrend at cs@mysmartrend.com

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