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Jpmorgan Chase Rises 1.52% on Heavy Volume: Watch For Potential Pullback

Sep 14, 2020 (SmarTrend(R) News Watch via COMTEX) --
Jpmorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $101.37 to a high of $103.46. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $102.42 on volume of 6.1 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, Jpmorgan Chase share prices have been bracketed by a low of $76.91 and a high of $140.76 and are now at $102.25, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.

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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