JPM testing its 52W high price of $144.34, or dropping towards $138-138.50

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 there was a significant price increase from around $129 to around $139 on last Friday which was due to the better-than- expected earnings announced on that day.

It was lastly traded at around $141.40 and today, if the uptrend continues, we could expect it to test its 52W high price at $144.34, otherwise it should drop towards its support level at around $138-138.50.

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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