Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $117.00 short put and a strike $112.00 long put offers a potential 13.9% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $117.00 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 dropped below the $112.00 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 71.06 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
New Pharma Rankings On Global Access To Medicine
Mon, 14 Nov 2016 02:28:00 GMT
Drugmakers improve access for poor, GSK ranked top
Mon, 14 Nov 2016 00:01:01 GMT
J&J arthritis drug goes up against Humira, with mixed results
Sun, 13 Nov 2016 03:10:52 GMT
J&J arthritis drug goes up against Humira, with mixed results
Sun, 13 Nov 2016 03:10:52 GMT
J&J arthritis drug goes up against Humira, with mixed results
Sat, 12 Nov 2016 21:30:01 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook