Could JPMorgan Chase & Co (JPM Stock) drop to the 130 level?

AAATrade Team AAATrade

Today’s instrument is the JPMorgan Chase & Co‘s stock traded in NYSE exchange under the ticker JPM.

Looking at the JPM‘s chart, we can see that it was lastly traded at around $137.80 which is close to its higher price of $138.40 for the year.

This week it is announcing its quarterly earnings and if the market’s anticipation is positive, then we should expect it to rise further to new highs for the year otherwise it could test its support level at around $134, and if it is not able to hold it above that level, then a further drop should be expected towards its next support level at around $130.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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