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Johnson & Johnson Crosses Above its 10-day MA (JNJ)

By James Quinn

Today, shares of Johnson & Johnson (NYSE:JNJ) have crossed bullishly above their 10-day moving average of $113.34 on a volume of 969K 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 $81.79 and a high of $115.00 and are now at $113.44, which is 39% above that low price. Over the last five market days, 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 10.0%. 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