Technical Summary: The long term price trend for JPM has been up. This trend has accelerated in the last
months. The stock itself could be getting overextended at this point. This leaves traders or investors with options. Either they can buy the dips in the stock with a presumption that a trend will do (stop out if it doesn’t) or they could wait for a base to form before initiating a position. We believe that it is probable that with a stock such as JPM that the stock will be accumulated by insitutions as it pulls back to its 50 day moving average.