• Return to Headlines

Watch for Shares of Johnson&Johnson (JNJ) to Approach Resistance at $134.97

By Shiri Gupta

Johnson&Johnson (NYSE:JNJ) has opened bullishly above the pivot of $133.06 today and has reached the first level of resistance at $133.80. Analysts will be watching for a cross of the next upside pivot targets of $134.97 and $136.88.

Over the past year, Johnson&Johnsonhas traded in a range of $0.00 to $148.32 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

Johnson&Johnson has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $149.29. The stock should run into initial resistance at its 200-day moving average (MA) of $101.66 and subsequent resistance at its 50-day MA of $109.28.

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.

Keywords: pivot alerts Johnson&Johnson

Ticker(s): JNJ