JPMorgan Chase & Co. (NYSE:JPM) has surged in recent days, spiking into a key resistance level. This resistance level, seen in the chart below, is stalling the stock today. However, based on the current trajectory, price, pattern and timing, this stock may have just a minor pull back, then break higher, through this point. Watch for bullish consolidation on the chart in the next few days, then look for a possible break out.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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