This post was just published on ZYX Buy Change Alert.
The position is long with an average price of $34.14. As of this writing JPM is trading at $60.25. Currently, 10% of the full core position size is being held and there is also a trade around position.
The current hedging program is profitable.
This is a very long-term position.
The new buy zone is $52.00 to $56.31
Target zone remains $78.00 to $83.00
Stop zone remains $42.00 to $44.43
Core earnings were below expectations. However this is the best managed large bank in the United States. It is worth holding JPM in any diversified portfolio.
What to do now?
Those in the stock may continue to hold the core position.
Those in the trade around position may consider exiting on any bounce from here and consider reinitiating a trade around position on a dip into the new buy zone.
Those not in the stock may consider scaling in on a dip into the buy zone.
There is also a new post on Band Of America on ZYX Buy Change Alert
The position is long with an average price of $7.69. As of this writing BAC is trading at $15.85…Read more
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