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Berger: Why I am buying JPMorgan after this week's earnings report

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With many US banks trading below the 200-day and other important averages, Serge Berger is looking to buy JPMorgan if it surprises positively when it reports earnings on Tuesday October 13. 

He says he will buy JPMorgan at USD 62.50 with a stop at USD 60.70 and his target for the trade is USD 65.00.

Goldman Sachs, Bank of America and Citigroup also report quarterly earnings this week, and Berger says the market reaction to these results may provide a good indication of general investor sentiment.