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Johnson&Johnson Set to Possibly Pullback After Yesterday's Rally of 1.82%

By David Diaz

Johnson&Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $133.45 to a high of $135.36. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $134.23 on volume of 4.4 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 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Johnson&Johnson has traded in a range of $109.32 to $148.32 and is now at $135.29, 24% above that low. 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