DailyPlay for Monday September 14th, 2015 – JPMorgan Chase & Co. (JPM)

The bearish DailyPlay we chose for Monday September 14th is JPMorgan Chase & Co. (JPM). JPM is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 9.51% move lower as both trends remain bearish.

JPMorgan Chase & Co.’s 1-month and 6-month trends are in a strong bearish trend as it trades in between its $64.87 resistance level and $57.07 support level. JPM continues to show negative momentum as it looks positioned to continue lower.

View this trade idea on $JPM