JPMORGAN: RAISING BUY ZONE ON EXCELLENT EARNINGS $JPM

JPMORGAN: RAISING BUY ZONE ON EXCELLENT EARNINGS $JPM

This post was just published on ZYX Buy Change Alert.

JPM is long from $34.14.  It is trading at $64.90 in the pre-market as of this writing.

JPM reported earnings better than consensus and significantly better whisper numbers.

In view of good earnings, the buy zone is being raised to $54 to $58.76.  Even though earnings are great and the stock is running, it is still prudent to wait for a pull back in the buy zone before starting a new position for those who are not in this position.

Target zone remains $83 to $88.  Stop zone remains $44 to $47.43.

Recommended position size remains 10 – 25% of the full core position size.

What To Do Now

Those in the stock may continue to hold.

Those not in the stock may consider scaling in on a dip into the buy zone.

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