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. Stock Analysis

    Playing the Rising Robotics with the ROBO ETF

  2. Chart Advisor

    ChartAdvisor for January 30 2015

  3. Chart Advisor

    Use These Two ETFs To Profit From A Reversal In Gold

  4. Chart Advisor

    Trade Strong U.S. Small Caps with this ETF

  5. Stock Analysis

    Faceboook (FB) Revenue Surges on Mobile Ads - Stocks in the News

Trading Center