This morning, the leading global bank stock JPMorgan Chase & Co. (NYSE:JPM) is trading lower by 0.09 cents to $55.66 a share. Traders and investors should note that JPMorgan Chase & Co stock is the most important financial stock in the industry group. The stock has now made a lower high on the daily chart after topping out in March 2014 at $61.48 a share. Lower highs should always be viewed as a sign of weakness when looking at the charts. Today, day traders should JPMorgan Chase & Co stock around the $55.00 level, this should be solid intra-day support. This was a former resistance level in early June that will now be support when price retests the level.
Nick Santiago
InTheMoneyStocks.com