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Johnson&Johnson Set to Possibly Pullback After Yesterday's Rally of 1.78%

By Nick Russo

Johnson&Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $138.27 to a high of $140.70. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $136.67 on volume of 5.8 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 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 $118.62 to $148.99 and is now at $138.85, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders Johnson&Johnson

Ticker(s): JNJ