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

By David Diaz

Today, shares of Johnson&Johnson (NYSE:JNJ) have fallen below their 10-day MA of $141.34 on a volume of 1.1 million 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.

Johnson&Johnson share prices have moved between a 52-week high of $148.99 and a 52-week low of $120.11 and are now trading 17% above that low price at $140.90 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Johnson&Johnson. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Johnson&Johnson in search of a potential trend change.

Keywords: moving crosses Johnson&Johnson

Ticker(s): JNJ