Optionopedia

Pair Trading Idea JPM/PRU

JPM/PRU  
JPM/PRU  
Applying some of the most popular indicators on the pair JPM/PRU shows an interesting pattern. While PRU NYSE:PRU has been clearly outperforming JPM JPM since several weeks, a trend reversal seems to occur. JPM might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI .

The price action confirmed the reversal in the last days. The setup is worth being given a shot: Short PRU , Long JPM . The strategy is market-neutral and is profitable when JPM starts to outperform PRU .

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