JPM is long from $34.14. As of this writing JPM is trading at $91.52.
Earnings
JPM reported earnings better than the consensus and better than the whisper number. All in all the earnings are very positive.
Stock Pulls Back
The stock is pulling back on good earnings. It is simply ‘buy the rumor sell the news’ reaction.
Beauty Of The Buy Zone On Display
Beauty of the buy zones is on vivid display in JPM. Back in March 2017, JPM was approaching $94. There was an influx of new subscribers including many money managers who subscribed because they new that over the years, The Arora Report had always been spot on about bank stocks.