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Johnson&Johnson Set to Possibly Pullback After Yesterday's Rally of 1.05%

By Nick Russo

Johnson&Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $131.28 to a high of $132.88. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $131.42 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Johnson&Johnson on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $140.34. Since that call, shares of Johnson&Johnson have fallen 6.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Johnson&Johnson share prices have been bracketed by a low of $109.32 and a high of $148.32 and are now at $132.11, 21% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.60% higher over the past week, respectively.

Keywords: rebounders Johnson&Johnson

Ticker(s): JNJ