Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 16.28% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $109.00 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 62.53 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Johnson & Johnson
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Tue, 09 Feb 2016 12:12:00 GMT
FedEx company to take over Johnson & Johnson Memphis operations
Mon, 08 Feb 2016 23:56:23 GMT
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Mon, 08 Feb 2016 19:55:36 GMT
Johnson & Johnson breached its 50 day moving average in a Bearish Manner : February 8, 2016
Mon, 08 Feb 2016 13:17:33 GMT
Companies Come Under More Pressure to Cut Costs and Boost Share Buybacks
Mon, 08 Feb 2016 13:00:00 GMT
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