JP Morgan Chase & Co

JPM
Delayed Nyse - 03/20 09:00:07 pm
104.52USD
-2.13%

A pullback is likely as the price touches the upper bound

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David Meurisse
Contributor / Partner

Strategy published on : 03/15/2019 | 10:16

short sell
Stop-loss triggered

Entry price : 105.84$
Target : 100.1$
Stop-loss : 108.1$
Potential : 5.42%

Close to the upper bound of the consolidation zone, investors will need to be careful and anticipate selling pressure for stocks in JP Morgan Chase & Company.
Investors should open a short trade and target the $ 100.1.

Strengths

● 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.

● Historically, the company has been releasing figures that are above expectations.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 10.82 for the current year.


Weaknesses

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● Revenue estimates are regularly revised downwards for the current and coming years.

Zonebourse.com 2019
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