• Return to Headlines

Watch for Johnson&Johnson to Potentially Rebound After Falling 1.11% Yesterday

By Amy Schwartz

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.

Johnson&Johnson share prices have moved between a 52-week high of $148.32 and a 52-week low of $118.62 and are now trading 14% above that low price at $135.49 per share. The 200-day and 50-day moving averages have moved 0.02% lower and 0.30% higher over the past week, respectively.

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