JPMorgan American (LON:JAM) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

JPMorgan American (LON:JAM) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,149.39 ($14.47) and traded as high as GBX 1,160 ($14.60). JPMorgan American shares last traded at GBX 1,142 ($14.37), with a volume of 483,457 shares trading hands.

JPMorgan American Price Performance

The stock has a 50 day moving average of GBX 1,149.39 and a 200 day moving average of GBX 1,064.88. The firm has a market cap of £2.07 billion, a P/E ratio of 4.95 and a beta of 0.65.

About JPMorgan American

A local knows the best route
JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world’s largest stock market by focusing on high quality companies that are also reasonably priced.

Key points:
Expertise – Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities.
Portfolio – Managed for growth by focusing on quality companies that are reasonably priced.
Results – Broadly diversified across the S&P 500 index, with a focus on large cap stocks.

Why invest in this trust
The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.