JNJ Call at > 104.75 Stop 104 Target 109 PUT at <103.0 Stop 104 Target 100
Good earnings. Rising dividends for 52 years. Doing well in Biotech, an up and coming sector. Hopefully it will start doing some more small M&A deals and release the 10 blockbusters it said it will over the next 5 years. NYSE:JNJ
...in combination of a new high and an engulfing pattern.
A very basic analysis for $JNJ shows that the stock is facing a major resistance zone before earnings. The 98-100$ zone, a strong structure that held as support during more than a year, was broken during August and now became resistance. Add the 200 SMA line, the downtrend line and the sellers pressure that this stock will face when it will reach the...
JNJ micro picture currently contradicts macro one. On long term basis, JNJ has held the test of 10-year trend by falling below and then bouncing back up above the 10-year uptrend border (marked by 1st standard deviation from 10-year mean, now at 91) On short term basis, however, price has fallen below 1st standard deviations from quarterly (66-day) and 1-year...
Johnson & Johnson has seen extreme price consolidation since last November. Since they are a highly diversified healthcare company, currency translations affect their bottom line quite substantially. With the recent contraction of the US Dollar, Johnson & Johnson has broken out of a prolonged trading range. If the dollar continues to contract against other foreign...
JNJ is going sideways. BCS is above the long terms and a strong resistance.
The next major weekly(medium term) Support level to watch for J&J. Watch for a rebound or a breakout. Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout. Check my new website thefxchannel.com , vote and subscribe twitter.com My best regards, Technician
Expect a short term bearish move. Once that reverses, jump aboard for primary trend up into next year.
Expect a short term bearish move. Once that reverses, jump aboard for primary trend up into next year.