Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $113.00 short call and a strike $118.00 long call offers a potential 13.9% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $113.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock rose above the $118.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Johnson & Johnson
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Wed, 30 Nov 2016 16:35:08 GMT
AbbVie Plans to Launch Psoriasis Therapy Risankizumab in 2019
Wed, 30 Nov 2016 16:05:04 GMT
[$$] Quest to cure Alzheimer's disease exhibits symptoms of failure
Wed, 30 Nov 2016 15:35:13 GMT
Financial Times – The suspense inside the offices of Eli Lilly this autumn was all but unbearable. After working on a drug to fight Alzheimer's disease for 15 years, employees of the Midwestern drugmaker were about to find …
Rejecting J&J could leave Actelion with ‘lot of explaining to do'
Wed, 30 Nov 2016 14:38:10 GMT
Rejecting J&J could leave Actelion with ‘lot of explaining to do'
Wed, 30 Nov 2016 14:26:33 GMT
Reuters – ZURICH/LONDON, Nov 30 (Reuters) – Some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson & Johnson, leaving Chief Executive Jean-Paul Clozel with some explaining to do if he turned down an offer around that level. One source familiar with the matter has told Reuters the two companies are discussing a bid close to that price, or 250 Swiss francs per share.
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