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-0.000335633918385858 -6.42318280469482E-05 -0.00114984018940246 0.00317902315150296 0.000659507079523436 -0.00558274099827124 -0.00422573054657669 -0.0022354485507581
Stockreport

Bank stock losses accelerate after failing to hold above key level [MarketWatch]

JP MORGAN CHASE (JPM)  More Company Research Source: MarketWatch
Last jp morgan chase earnings: 7/13 06:45 am Check Earnings Report
PDF Bank stock losses accelerate after failing to hold above key level Shares of financial companies fell on Friday, with losses accelerating in midday trading despite some better-than-expected quarterly results after the stocks failed to hold above a key technical level. JPMorgan Chase & Co. JPM, -2.49% fell 2.6%, erasing an early gain. The stock, a Dow component, closed above its 50-day moving average on Thursday, the first time it had done so since March 21. That level is widely used as a gauge of an asset price's short-term momentum. While it briefly traded above that level on Friday, it subsequently dropped back below it, leading to heavier to losses that took it to a session low. Citigroup Inc. C, -2.52% briefly traded above its 50-day moving average, but it failed to hold above that level, leading to a decline of 2.7% in midday action. The stock also fell back below its 200-day moving average, which it has closed under since March 21. The 200-day is used as a metric for long- [Read more]

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