| The 200 day MA at $4072.19 was approached today, but buyers stepped in. What next after the run higher? |
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JP Morgan rebound scenario | trade of the week | 10.02.2026
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JP Morgan stock could be setting up for a continuation move higher as sector rotation and strong investment banking dynamics come back into focus.
In this week’s Trade of the Week, we briefly review last week’s crude oil idea before turning attention to JPMorgan. The stock has bounced from key support, crossed the 20-day moving average, and is moving toward the upper boundary of its price formation, with a potential target around the $350 level.
After a period of weakness, financial stocks may be coming back into play. Volatile market conditions typically benefit investment banks, and JPM’s fundamentals support this view, with strong growth in trading revenues and a significant increase in mergers and acquisitions activity.
Traders will also be watching the US Non-Farm Payrolls report
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