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.
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