Johnson & Johnson (JNJ) Offering Possible 18.76% Return Over the Next 21 Calendar Days

Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $126.00 short put and a strike $121.00 long put offers a potential 18.76% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $126.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $121.00 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 72.08 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Johnson & Johnson

Drugmaker paying $33M over recalled nonprescription meds
Wed, 24 May 2017 22:10:33 +0000
Johnson & Johnson has reached a $33 million settlement with 42 states, resolving allegations the health care giant sold nonprescription medicines that didn't meet federal quality requirements. The settlement …

Johnson & Johnson Settles U.S. Drug Manufacturing Probe
Wed, 24 May 2017 18:35:00 +0000
The $33 million settlement was announced by the attorney general on behalf of 42 states and the District of Columbia.

J&J settles drug manufacturing probe by U.S. states for $33 mln
Wed, 24 May 2017 17:33:51 +0000
Johnson & Johnson has agreed to pay $33 million to resolve charges by most U.S. states that it misrepresented the manufacturing practices behind Tylenol, Motrin, Benadryl and other over-the-counter drugs that were eventually recalled. The list includes St. Joseph Aspirin, Sudafed, Pepcid, Mylanta, Rolaids, Zyrtec, and Zyrtec Eye Drops, the Illinois attorney general said in a news release. The company's Johnson & Johnson Consumer Inc unit must also ensure that its marketing and promotional practices do not unlawfully promote over-the-counter drug products, the attorneys general said.

Neupogen and Enbrel Could See Falling Revenues in 2017
Wed, 24 May 2017 14:37:07 +0000
In 1Q17, Neupogen generated revenues of ~$148 million, a significant drop from the drug’s 1Q16 revenues of ~$213 million.

What Do AA+ And AAA Credit Ratings Mean?
Wed, 24 May 2017 13:25:00 +0000
Moody's just downgraded China's credit rating. So, what does it matter if you hold a AAA or AA+ rating?

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