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Bullish Moving Average Cross by Johnson&Johnson (JNJ)

By Nick Russo

Today, shares of Johnson&Johnson (NYSE:JNJ) have advanced above their 10-day MA of $131.44 on a volume of 633K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Johnson&Johnson have traded between a low of $121.00 and a high of $148.99 and are now at $132.34, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 0.01% lower over the past week, respectively.

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