JPMorgan Stock Erases Full Day’s Losses in Dramatic After-Hours Reversal, Setting Bullish Tone for Monday
NEW YORK – JPMorgan Chase & Co. (NYSE: JPM) shares provided a dose of late-day drama on Thursday, closing the official trading session in the red only to stage a powerful after-hours rally that completely erased the day’s decline. This sharp reversal has set a cautiously optimistic tone among investors, with many now watching to see if this bullish momentum can carry through to Monday’s opening bell.
During regular trading hours, JPM felt persistent selling pressure. The stock closed at
1.64 (0.57%) for the day. The session was characterized by a steady downtrend from an early high of $288.70 to a low of $285.04, reflecting broader market indecision or sector-specific profit-taking.
However, the story changed dramatically after the 4:00 PM close. In after-hours trading, JPM surged, climbing
288.75. This move is significant for two key reasons:
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It precisely cancelled out the regular session’s losses.
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It brought the stock exactly back to its previous day’s closing price.
This type of strong post-market recovery is often triggered by positive news, an analyst upgrade, or a significant shift in institutional sentiment. While the specific catalyst isn’t detailed in the chart, the price action itself speaks volumes. It suggests that buyers stepped in aggressively, viewing the intraday dip as a buying opportunity.
Outlook for Monday:
The after-hours performance is a strong bullish indicator heading into next week. Here’s what traders will be watching:
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Positive Momentum: The powerful reversal suggests that the underlying demand for JPM stock remains robust. Traders who were bearish during the day have been squeezed, and the positive sentiment now has the upper hand. The market is likely to open on Monday looking to test higher levels.
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Key Level: The $288.75 mark is now the critical pivot point. If the stock can open and hold above this level on Monday, it would confirm the bullish reversal and could signal a move to challenge the 52-week high of $289.41.
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Potential Headwind: While the momentum is positive, the stock is trading very near its 52-week high. This level can sometimes act as technical resistance, where some long-term investors may choose to take profits.
Based on the evidence, the market for JPMorgan Chase is poised to go up on Monday. The complete erasure of Thursday’s losses in the after-hours session is a powerful statement from buyers. Barring any negative weekend news, investors should expect JPM to open with positive momentum as it looks to break through its recent highs.
