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

By David Diaz

Today, shares of Johnson&Johnson (NYSE:JNJ) have crossed bearishly below their 10-day moving average of $138.18 on a volume of 405K shares. Swing traders may find 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 $118.62 to $148.99 and is now at $137.74, 16% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% 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