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Is Cyprus the Subprime of the Euro Crisis?

JP Morgan Chase (JPM - Get Report) ($48.78): Has a hold rating and traded to a multi-year high of $51 on March 14. This lofty level put JPM back to levels not seen since setting a high of $53.25 pre-crisis in May 2007. The stock well is above its fair value at $42.33 and tested its one-year price target at $50.52. My annual value levels are $44.04 and $42.87 with semiannual and monthly pivots at $46.84 and $49.88 and weekly risky level at $50.83.

Wells Fargo (WFC - Get Report) ($37.20): Has a hold rating and traded to a multi-year high of $38.20 on March 15. The stock is well above its fair value at $34.03 and nearly tested its one-year price target at $38.48. My annual value levels are $34.17 and $32.82 with monthly and weekly pivots at $35.06 and $37.19.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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SYM TRADE IT LAST %CHG
C $52.90 0.00%
BAC $15.64 0.00%
JPM $62.60 0.00%
WFC $54.70 0.00%
AAPL $130.28 0.00%

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