JPM - Significant 200SMA Resistance

JPM backtesting previous TL support and 200SMA simultaneously today, which were both significant support levels for more than a year. After bouncing off the 200SMA six times over the last year and a half, JPM broke through the moving average in April. Looks like a low risk setup here. First target - $53.15.

5.28.14 - 10:45am EST