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Watch for Johnson&Johnson to Potentially Rebound After Falling 1.27% Yesterday

By Nick Russo

Johnson&Johnson (NYSE:JNJ) traded in a range yesterday that spanned from a low of $144.10 to a high of $146.45. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $144.94 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Johnson&Johnson share prices have moved between a 52-week high of $148.99 and a 52-week low of $118.62 and are now trading 22% above that low price at $144.18 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders Johnson&Johnson

Ticker(s): JNJ