Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $106.00 short call and a strike $111.00 long call offers a potential 14.68% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $106.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $111.00 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 45.03 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
Johnson & Johnson Vision Care Companies Announces Sight For Kids Screens 20 Million Children, Expands To Kenya and Turkey
Tue, 07 Oct 2014 04:01:00 GMT
PR Newswire – JACKSONVILLE, Fla., Oct. 7, 2014 /PRNewswire/ — Johnson & Johnson Vision Care Companies (JJVCC) today announced that Sight for Kids, its partnership program with the Lions Clubs International Foundation, …
How Insurers Curb Costly Hips, Knees And Other Medical Devices
Mon, 06 Oct 2014 19:00:00 GMT
First Ebola case contracted outside West Africa: Report
Mon, 06 Oct 2014 18:41:00 GMT
First Ebola case contracted outside West Africa: Report
Mon, 06 Oct 2014 18:41:00 GMT
Ebola patient gets Chimerix's drug
Mon, 06 Oct 2014 18:00:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook