Jpmorgan Chase & Co Daily Price Recap
Jpmorgan Chase & Co is up 8.99% ($7.85) since the previous day, marking a reversal from the day prior — and the end of a 4 day negative run. The change in price came along side change in volume that was down 5.91% from previous day, but up 32.44% from the Sunday of last week. The daily price chart of Jpmorgan Chase & Co below illustrates.
Jpmorgan Chase & Co Technical Analysis
First things first: Jpmorgan Chase & Co crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days. Candlestick traders will also want to note that we are seeing a bullish engulfing pattern amidst the downtrend on the 90 day charts; a bullish engulfing pattern amidst a downtrend may signal the downtrend is ready to culminate.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about JPM: