Heres His New Pick In JPMorgan's case, it holds $539 billion worth of high-quality liquid assets, equating to a little over 21% of its total assets. Data source: JPMorgan Chase. Chart by author.

JPMorgan stock is part of the money center banking industry group, which has been in the top 50 of the 197 industry groups tracked by IBD for about a month. The group is down 1% year to date, but ...

Now let's go to the chart of JPMorgan. The stock jumped by 5.5% on Friday, July 10, but hit an obstacle when it slammed into its 50 day moving average, in blue.