Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $103.00 short put and a strike $97.50 long put offers a potential 17.27% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $97.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Johnson & Johnson is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Johnson & Johnson is bullish.
The RSI indicator is at 73.09 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Johnson & Johnson
Apple Stock Held By Institutional Investors Rises
Thu, 21 Aug 2014 21:02:00 GMT
FDA Grants New Indication For Pfizer, Bristol-Myers Squibb Drug
Thu, 21 Aug 2014 20:07:00 GMT
Illumina Partners With Big Pharma To Create New Genetic Tests For Cancer
Thu, 21 Aug 2014 06:00:00 GMT
Allergan approaches Salix to fight Valeant bid
Tue, 19 Aug 2014 21:26:21 GMT
Scientists racing to test Ebola vaccines in humans
Thu, 14 Aug 2014 22:10:38 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook