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 $58.22.
The current hedging program is profitable.
This is a very long-term position.
The buy zone remains $52.00 to $56.31
Target zone remains $78.00 to $83.00
Stop zone remains $42.00 to $44.43
Earnings reported today were better than expectations.
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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