JPMorgan (JPM) is long from $34.14. It is trading at $112.45 in the pre-market.
JPM reported earnings worse than consensus and the whisper numbers.
The company also pays a dividend of 3.12%.
‘Buy Now’ Rating
For those following the ‘Good Way,’ the ‘Buy Now’ rating is ‘NO.’
Zones
For those following the ‘Best Way,’ the buy zone is $91 to 100.88. The target zone is $145 to $155. The recommended position size is 20 – 40%.
What To Do Now
Those in the stock may consider continuing to hold.
Those following the ‘Best Way’ may consider scaling in within the buy zone.