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Johnson&Johnson Set to Possibly Pullback After Yesterday's Rally of 1.57%

By Amy Schwartz

Johnson&Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $138.04 to a high of $139.53. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $138.27 on volume of 733,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Johnson&Johnson has traded in a range of $121.00 to $148.99 and is now at $139.52, 15% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: rebounders Johnson&Johnson

Ticker(s): JNJ