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Jpmorgan Chase Rises 1.99% on Heavy Volume: Watch For Potential Pullback

Sep 09, 2019 (SmarTrend(R) News Watch via COMTEX) --
Jpmorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $113.60 to a high of $115.38. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $113.72 on volume of 5.9 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 a low of $91.11 and a high of $119.24 and are now at $115.32, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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.

Write to SmarTrend at cs@mysmartrend.com

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