• Return to Headlines

Look for Shares of Johnson&Johnson to Potentially Rebound after Yesterday's 1.11% Sell Off

By Shiri Gupta

Johnson&Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $135.42 to a high of $138.66. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $137.73 on volume of 4.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $135.49, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Johnson&Johnson on July 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $126.82. Since that recommendation, shares of Johnson&Johnson have risen 8.6%. We continue to monitor JNJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Johnson&Johnson

Ticker(s): JNJ