Johnson & Johnson (JNJ) Offering Possible 15.83% Return Over the Next 3 Calendar Days

Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $149.00 short call and a strike $155.00 long call offers a potential 15.83% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $149.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $5.18 would be incurred if the stock rose above the $155.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Johnson & Johnson is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Johnson & Johnson is bearish.

The RSI indicator is at 37.15 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Johnson & Johnson

J&J unit to start mid-stage COVID-19 vaccine trials in Spain
Mon, 14 Sep 2020 02:38:40 +0000
Johnson & Johnson's Janssen unit will begin mid-stage trials of its COVID-19 vaccine in Spain on Monday, the programme's lead investigator said. Alberto Borobia said 190 people would take part in the country's trials, which will take place in three hospitals and be concluded by Sept. 22.

10 Biggest Pharmaceutical Companies in the World in 2020
Sun, 13 Sep 2020 18:43:21 +0000
In a world dominated by a pandemic, you might wonder how its affecting the 10 biggest pharmaceutical companies in the world in 2020 (click to skip ahead and see the top 3 pharma companies). The pharmaceutical industry is a trillion dollar industry globally, achieving the milestone for the first time in 2014, and the biggest […]

Coronavirus Vaccine Race: 7 Key Things You'll Want to Know
Sun, 13 Sep 2020 10:08:00 +0000
Here are the answers to your top questions about where things stand with the development of COVID-19 vaccines.

3 Dividend Stocks I'd Buy Right Now
Sat, 12 Sep 2020 10:35:00 +0000
When stock market volatility drives me nuts, I find solace in dividend stocks. Or rather, I take comfort in top dividend stocks that I know will pay me a decent amount no matter what the market does. Realty Income (NYSE: O) stock is down about 12% year to date.

Coronavirus update: China to begin trials of nasal spray vaccine; Fauci warns on 2nd wave
Fri, 11 Sep 2020 18:28:32 +0000
China, one of the worldwide leaders in the race to produce an effective COVID-19 vaccine, is deploying a nasal spray that has been approved to begin Phase 1 clinical trials in November.

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