Checking in on JPM.
I keep an eye on this stock because I love silver investing and anyone who keeps up on silver loves to keep an eye on JPM stock.
A couple days ago the bank stocks upped dividends and sparked a bullish breakout in the stocks. The payout is OCT 12th, (I think). I expect stocks like JPM to stay on an uptrend in general until that time. At this time, JPM is already up 3.79% since the dividend news, so anyone interested would have to weigh out the pros and cons.
While there isn't a big rush to come in and buy, there is certainly no reason to see the trend ending either. Looks to me like just a slow and steady accumulation that will keep pushing the price in the general up direction.
The volume spike at the end of the day also confirms there is someone looking to buy the dip, really making the case for a continuation of the uptrend.
Make no mistake, I consider these stocks grossly overvalued, but as a day trade or for short term, there is no reason to think this stock would take a hard hit.
Thanks for reading,
-Icee-
Please leave me an upvote and remember this is not trading advice.
