$JPM Moves Into Resistance: Stock To Fall Back

JPMorgan Chase (NYSE:JPM) has risen substantially in the past week. The stock has pushed higher from approximately $50 to $54 in just the past seven trading days. While many are starting to hop on the bullish bandwagon once again, warnings signs are everywhere. Note the chart below. The stock is into major resistance and could very likely see a pullback.


Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com