Friday, November 13, 2009

JP MORGAN (JPM) WATCH $41 Level


Keep an eye on $41/$42 levels, watch for Sell Volume to spike to previous level (50/60M). I believe that buyers will step in as the support/200-ma levels are tested, JPM is 'Best of Breed' with '09 eps pf $2.10 & '10Est of $3.40 I see pe expansion, price objective in 12 months $65.
*click charts to expand images


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