A Rising Wedge Pattern Signals Reversal for This Stock
JPMJP MORGAN CHASE(JPM) MarketBeat·2024-07-12 22:11

JPMorgan Chase & Co. TodayJPMJPMorgan Chase & Co.202.634.82 (2.32202.63 -4.82 (-2.32%) 52-Week Range135.19▼210.38DividendYield2.27210.38Dividend Yield2.27%P/E Ratio12.24Price Target198.61Add to WatchlistJPMorgan Chase & Co. NYSE: JPM shows a Rising Wedge Pattern. Like all technical patterns, it is never 100% correct but often signals a bearish reversal in the underlying market. A rising wedge occurs at the end of an uptrend and consists of two rising but converging trend lines that end at a peak. The question is which way the market will bre ...