Johnson & Johnson (JNJ) Offering Possible 10.99% Return Over the Next 35 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 $130.00 short put and a strike $120.00 long put offers a potential 10.99% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $9.01 would be incurred if the stock dropped below the $120.00 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 above 80 which suggests that the stock is in overbought territory.

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

[$$] J&J Plans to Add Drug Discovery and Early Research to Actelion Unit
Thu, 15 Jun 2017 04:20:15 +0000
Johnson & Johnson plans to build the soon-to-be acquired Actelion business into a drug discovery-to-commercialization organization dedicated to pulmonary arterial hypertension.

States Launch Bipartisan Probe of Opioid Marketing and Addiction
Thu, 15 Jun 2017 00:58:43 +0000
A bipartisan group of state attorneys general is jointly investigating the marketing of prescription painkillers and the causes of widespread opioid addiction, according to people familiar with the matter, …

Google bets on European biotech drugs, backs new fund
Wed, 14 Jun 2017 23:01:00 +0000
Google is betting on the potential of European biotech companies to deliver life-changing drugs by investing alongside Swiss company Novartis in a new $300 million fund run by leading life sciences investment firm Medicxi. The move shows Google casting an increasingly wide net as it pumps cash into global medical research, seeding what it believes will become a core long-term healthcare business. Novartis and Verily, a unit of Google parent Alphabet , are cornerstone investors in the new fund, along with the European Investment Fund, Medicxi said on Thursday.

Johnson & Johnson: The Bear Case From a Bull
Wed, 14 Jun 2017 20:43:00 +0000
An investor with a bullish view on Johnson & Johnson gives three bearish arguments against the stock.

Seven iQ100 members hit all-time highs
Wed, 14 Jun 2017 19:48:00 +0000
Seven members of the CNBC iQ100 hitting all-time highs today. Progressive, C.R. Bard, Johnson & Johnson, Boeing, Illinois Tool Works, 3M, and Northrop Grumman. For more on the index go to CNBC.com/iq100

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