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. Active Trading Fundamentals

    Who are GoDaddy's (GDDY) main competitors?

  2. Stock Analysis

    Will This Drug Beat Gilead to Market in NASH?

  3. Stock Analysis

    Energy Transfer Could Learn From Williams Cos.

  4. Stock Analysis

    Is Enterprise Product's Stock a Buy Today?

  5. Stock Analysis

    Can AMD Regain GPU Market Share From NVIDIA?

Trading Center