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JPMorgan Chase Risks Earnings 'Death Cross'


NEW YORK (TheStreet) -- Investors in JPMorgan Chase (JPM - Get Report) who look at daily and weekly charts will observe that the stock plunged 29.1% from an all-time high set on July 23 to its flash crash low set on "Black Monday" Aug. 24. A recovery of 23.7% since the low still leaves the stock below its 50-day and 200-day simple moving averages. That could become a"death cross" just as the bank reports quarterly results before the opening bell on Tuesday. (A "death cross" occurs when the 50-day simple moving average declines below the 200-day simple moving average. This formation is a warning of further declines ahead.)

Analysts expect JPMorgan to earn $1.39 a share. The banking giant has had a tough time beating estimates over the last six quarters, missing in three of them. Keep in mind that the big banks have set aside reserves for...