JP Morgan Chase – Thousands Of Employees To Move Locations

JP Morgan Chase – Thousands Of Employees To Move Locations

In about a month, thousands of JP Morgan Chase & Co. (NYSE: JPM) employees will begin to move into the financial giant’s new regional campus in Plano’s Legacy West — a hub powered in part by wind energy.

The move into the 1 million-square-foot campus within Legacy West will be the first of a multi-phased consolidation bringing about half of the financial giant’s North Texas workforce under one roof in phases beginning in September and rolling through 2018 to 2019.

This will be the biggest employment site in North Texas for JP Morgan Chase, with about 6,000 employees expected to work within the Legacy West location upon its completion. The financial firm employs about 12,000 throughout the region.

To power the Plano campus, as well as other real estate ventures, JP Morgan Chase’s global real estate and commodities division has executed a 20-year power purchase agreement with a subsidiary of NRG Energy Inc. to support a 100-megawatt wind farm in Erath County, Texas.

Throughout JP Morgan Chase’s global real estate portfolio spanning 60 countries with about 75 million square feet of real estate, Owen said the company will save tens of millions of dollars by focusing on renewable energy sources.

The company is also evaluating the use of solar panels at one of its Texas facilities, Owen said.

“This really is a triple win for us; it’s good for the environment, the bottom line and our customers and employees,” he added.

Technical Analysis

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 94.38.

The projected lower bound is: 89.53.

The projected closing price is: 91.96.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 27.8589. This is not an overbought or oversold reading. The last signal was a sell 15 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.11. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 14 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 18. This is not a topping or bottoming area. The last signal was a buy 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 11 period(s) ago.

Rex Takasugi – TD Profile

JPMORGAN CHASE closed up 0.520 at 91.800. Volume was 4% above average (neutral) and Bollinger Bands were 44% narrower than normal.

Open     High      Low        Close     Volume
91.510   92.360   91.500   91.800  4,227,494

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period   50-period   200-period
Close:                       91.50          88.54           85.06
Volatility:                13                18                 22
Volume:                  3,641,183   4,090,228  4,454,666

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

JPMORGAN CHASE is currently 7.9% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of JPM.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on JPM.N and have had this outlook for the last 0 periods.

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Ivy Heffernan

Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.

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