• Return to Headlines

Bearish Moving Average Cross by Johnson & Johnson (JNJ)

By Nick Russo

Today, shares of Johnson & Johnson (NYSE:JNJ) have fallen below their 10-day MA of $116.17 on a volume of 1.4 million shares. Swing traders may find 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 $117.74 and are now at $115.35, 41% 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 recommended that subscribers consider buying shares of Johnson & Johnson on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.45. Since that recommendation, shares of Johnson & Johnson have risen 13.6%. We continue to monitor JNJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Johnson & Johnson

Ticker(s): JNJ