Technical Summary: It seemed unlikely that a company that is as large and established as JPM could continue its price growth trajectory that it has been on for most of the last five years. This has been proved true in the price action over the last year where the stock has moved sideways in action that has not really been suitable for mean reversion or trend trading. There was one opportunity for buyers of the stock recently – the stock had sold off with the wider market and when the low undercut the previous day the stock was buyable on a probability basis – these trades however are always difficult and it is probable that it was missed by many. At the current juncture the stock is consolidating around some recent
support and its 50 day moving average. Not much to do here technically except for waiting.