Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $107.00 short put and a strike $102.00 long put offers a potential 15.47% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $107.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $102.00 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
High Drug Prices And Innovation
Tue, 04 Nov 2014 13:49:00 GMT
Stryker to pay $1.43B to settle hip implant cases
Tue, 04 Nov 2014 02:04:28 GMT
Midterm election plays: Healthcare, tech & more
Mon, 03 Nov 2014 22:30:00 GMT
The Problem with Patient Power
Mon, 03 Nov 2014 18:09:00 GMT
#WalkWithD Social Media Campaign Drives Donation to IDF's Life for a Child Program for Every Hashtag Mention in November
Mon, 03 Nov 2014 14:00:00 GMT
CNW Group – #WalkWithD Social Media Campaign Drives Donation to IDF's Life for a Child Program for Every Hashtag Mention in November
Related Posts
Also on Market Tamer…
Follow Us on Facebook