Filed Under: ,
Tickers in this Article: JPM
New York, May 14th (TradersHuddle.com) -JP Morgan Chase & Co. (NYSE:JPM) closed the trading session at $36.96 near its 200 day moving average set at $36.66. JP Morgan's price action is just above this key support level, grabbing traders' attention for a possible trading opportunity.JPMorgan Chase & Co. (NYSE:JPM) provides global financial services and retail banking. The Company provides services such as investment banking, securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals. JP Morgan, the second largest U.S. lender, was founded in 1823 and is headquartered in New York, NY.

The latest price action range, defined by a peaks and troughs algorithm, places calculated support at $40.12 and resistance at $43.99. These levels will provide insight for the stock's latest price dynamics.

Traders wanting to establish a position on JP Morgan will look for evidence of buying near the 200 day moving average, before opening the position as close as possible to this key technical level. Also, they need to consider the latest range defined by the calculated support and resistance levels for insights on other key levels that might have an effect on future price movements.

comments powered by Disqus

Trading Center