JP Morgan Chase & Company shares have recently benefitted from renewed interest and are reverting to attractive levels at which sales could be contemplated. Investors should open a short trade and target the $ 110.7.
The group's activity appears highly profitable thanks to its outperforming net margins.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
The company's attractive earnings multiples are brought to light by a P/E ratio at 11.67 for the current year.
The tendency within the weekly time frame is positive above the technical support level at 106.02 USD
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
The stock is close to a major daily resistance at USD 120.23, which should be gotten rid of so as to gain new appreciation potential.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
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