Stalking JPMorgan as a Bad-News Buy

Bad news in JPMorgan (JPM) Yes, I saw that, and I thought about writing about another stock instead ... but I decided to put out the technical work anyway. 

I'm currently stalking JPMorgan for a possible buy entry. What I like about this chart is that price is currently above both the 200- and 50-day simple moving averages. I also like that recently JPM has taken out a couple of prior swing highs that are illustrated on the daily chart below. It took out the Oct. 4 high at $52.68, and it also took out the Sept. 10 high made at $53.93....244 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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