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Watch for Johnson & Johnson to Potentially Rebound After Falling 2.19% Yesterday

By Nick Russo

Johnson & Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $115.34 to a high of $118.48. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $117.28 on volume of 7.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Johnson & Johnson share prices have moved between a 52-week high of $126.07 and a 52-week low of $81.79 and are now trading 42% above that low price at $115.94 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

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.

Keywords: rebounders Johnson & Johnson

Ticker(s): JNJ