JPMorgan Chase & Co. stock rises Thursday, outperforms market
Shares of JPMorgan Chase & Co. JPM, +1.05% advanced 1.05% to $132.88 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.75% rising 0.75% to 3,963.51 and the Dow Jones Industrial Average DJIA, +0.55% rising 0.55% to 33,781.48. JPMorgan Chase & Co. closed $36.93 short of its 52-week high ($169.81), which the company achieved on January 13th.
Based on JPMorgan Chase & Co.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $32.7 billion and a net profit of $9.74 billion. In comparison, last year the company earned a revenue of $29.66 billion and had a net profit of $11.69 billion
J.P. MORGAN TECHNICAL ANALYSIS DAILY CHART:
In the daily chart, JP Morgan currently is trading in the up channel. JP Morgan is currently trading above 5 & 50 SMA.
RSI is in Buying zone which shows bullishness. And stochastic is suggesting up trend.
JP Morgan’s immediate support level is at 129.92 & resistance level is at 133.08
HOW TO TRADE IN THIS WEEK
JP Morgan is trading in up channel; it will continue to trade upside until any reversal to the downside. So, remain bullish on it.
