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Bearish Moving Average Cross by Johnson & Johnson (JNJ)

By David Diaz

Johnson & Johnson (NYSE:JNJ) crossed under its 10-day moving average of $112.59 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Johnson & Johnson share prices have been bracketed by a low of $81.79 and a high of $114.19 and are now at $112.48, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Johnson & Johnson and will alert subscribers who have JNJ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Johnson & Johnson

Ticker(s): JNJ