JPMorgan (JPM) NewsBite - JPM To Raise Credit Card Fees

Posted: Wednesday, June 24, 2009 1:45 PM EDT

JPMorgan (JPM) was covered in a Bloomberg Video Report today and the stock is now at $33.60, up $0.03 (0.09%) on volume of 28,586,000 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $14.96 to a high of $50.63. JPMorgan stock has been showing support around $32.37 and resistance in the $34.69 range. Technical indicators for the stock are bullish and S&P gives JPM a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on JPM the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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