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

By Nick Russo

Johnson & Johnson (NYSE:JNJ) shares have crossed bearishly below their 10-day moving average of $119.37 on a volume of 730K 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.

Over the past year, Johnson & Johnson has traded in a range of $81.79 to $126.07 and is now at $118.68, 45% above that low. 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