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Johnson&Johnson (JNJ) Crosses Pivot Point Resistance at $127.10

By David Diaz

Johnson&Johnson (NYSE:JNJ) has opened bullishly above the pivot of $126.58 today and has reached the first level of resistance at $127.10. Investors may be interested in a cross of the next upside pivot targets of $127.96 and $129.34.

In the past 52 weeks, shares of Johnson&Johnson have traded between a low of $118.62 and a high of $148.32 and are now at $127.24, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Johnson&Johnson (NYSE:JNJ) has potential upside of 14.0% based on a current price of $127.24 and analysts' consensus price target of $145.00. The stock should hit resistance at its 200-day moving average (MA) of $132.66, as well as support at its 50-day MA of $123.20.

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: pivot alerts Johnson&Johnson

Ticker(s): JNJ