Wednesday, April 13, 2011 1:46:29 PM
JPMorgan Chase Gaps Then Craps
JPMorgan Chase & Co. (NYSE:JPM) opened nicely higher this morning after reporting earnings that beat expectations. While the earnings were solid, the stock could not hold the gains and has fallen sharply, now trading at $46.06, -0.58 (-1.24%). The key to this level is the even number and double bottom shown on the chart below. This could be a solid level for support on JPMorgan for a bounce.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Charts provided by: RealTick LLC
JPMorgan Chase & Co. (NYSE:JPM) opened nicely higher this morning after reporting earnings that beat expectations. While the earnings were solid, the stock could not hold the gains and has fallen sharply, now trading at $46.06, -0.58 (-1.24%). The key to this level is the even number and double bottom shown on the chart below. This could be a solid level for support on JPMorgan for a bounce.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Charts provided by: RealTick LLC
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