Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

JPM Key Resistance Levels

JPMorgan Chase & Co. (NYSE:JPM) continues to inch higher today. The stock is trading at $47.22, +0.10 (0.22%). At this point, JPM is short term extended as it is approaching its first major resistance level. This level matches the double top high from 2011 at $48.35. Should JPM hit this level in the next couple weeks, expect a pull back.

Following that level, the eye turns to the pre financial crisis levels of $53.25. It is possible, later in the year the stock gets there.

Gareth Soloway