Johnson & Johnson (JNJ) Offering Possible 13.12% Return Over the Next 22 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 $148.00 short put and a strike $143.00 long put offers a potential 13.12% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $148.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $143.00 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 73.53 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

U.S. replaces director of agency overseeing COVID-19 vaccines, drugs
Tue, 21 Apr 2020 19:36:12 +0000
The U.S. Department of Health and Human Services said on Tuesday it has replaced Rick Bright as director of a key U.S. agency charged with developing drugs and vaccines for COVID-19. Bright, who was director of the Biomedical Advanced Research and Development Authority (BARDA) since 2016, has been moved to a new public-private partnership under the National Institutes of Health announced last week, according to a Health and Human Services representative. Under Bright's leadership, BARDA recently announced nearly $1 billion in support of vaccine manufacturing efforts by Moderna and Johnson & Johnson.

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Mon, 20 Apr 2020 22:57:20 +0000
Charlie Tian gives an overview on dividend investing Continue reading…

Johnson & Johnson's Diversified Business Serves It Well in Uncertain Times
Mon, 20 Apr 2020 19:39:25 +0000
The company benefited from its diversification in the 1st quarter Continue reading…

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Mon, 20 Apr 2020 18:30:06 +0000
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Mon, 20 Apr 2020 13:15:01 +0000
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