Shares of JPMorgan Chase (NYSE:JPM) opened today below their pivot of $46.98 and have already reached the first level of support at $46.79. Analysts will be watching for a cross of the next downside pivot targets of $46.43 and $45.88.
JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
In the past 52 weeks, shares of JPMorgan Chase have traded between a low of $30.83 and a high of $47.16 and are now at $46.55, which is 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.
There is potential upside of 9.9% for shares of JPMorgan Chase based on a current price of $46.55 and an average consensus analyst price target of $51.17. The stock should discover initial support at its 50-day moving average (MA) of $43.31 and subsequent support at its 200-day MA of $39.57.
