JP Morgan (JPM) Closes Prior Hour Up 0.28%; Pin Bar Pattern Appearing on Chart

Jpmorgan Chase & Co Daily Price Recap

Jpmorgan Chase & Co entered today at $103.52, up 2.16% ($2.19) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 13.16% from the day prior, and up 118.46% from the same day the week before. Below is a daily price chart of Jpmorgan Chase & Co.

JPM

Jpmorgan Chase & Co Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Jpmorgan Chase & Co’s price has gone up 6 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about JPM:

    $UVXY $SPY $GS $JPM The COMMON cold. No vaccine for the common cold. Why not? It is a Coronavirus. Maybe we all have been duped into optimism until after the election or to just keep us from Panicking.

    geffaxp