JP Morgan Chase & Co

AAA

For today's chart we've chosen to take a look at JPM because it has recently bounced off the resistance of an Andrew's pitchfork. As you can see from the chart below, we've also added the MACD, which has recently crossed below its signal line. This bearish crossover will be used by technical traders to suggest that we could see a continued move lower. We'd expect to see JPM head toward the support of the lower trendline near $42.50.



JPM_081006.gif

You May Also Like

Related Analysis
  1. A Multi-Asset Income ETF For Defensive Investors
    Chart Advisor

    A Multi-Asset Income ETF For Defensive Investors

  2. These Stocks Offer Range-Trading Opportunities
    Chart Advisor

    These Stocks Offer Range-Trading Opportunities

  3. How To Trade Rising Livestock Prices
    Chart Advisor

    How To Trade Rising Livestock Prices

  4. These 4 Stocks Are Getting Squeezed For A Breakout
    Chart Advisor

    These 4 Stocks Are Getting Squeezed For A Breakout

  5. Can These Stocks Break Through Key Resistance?
    Chart Advisor

    Can These Stocks Break Through Key Resistance?

Trading Center