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

By David Diaz

Johnson & Johnson (NYSE:JNJ) shares have crossed bearishly below their 10-day moving average of $119.24 on a volume of 884K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Johnson & Johnson share prices have moved between a 52-week high of $126.07 and a 52-week low of $81.79 and are now trading 45% above that low price at $118.82 per share. 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 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