Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 19.9% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $92.50 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 33.38 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Johnson & Johnson
Ebola Vaccine Trials Carry Risks for Companies in Chase
Tue, 21 Oct 2014 01:48:42 GMT
Celgene's Crohn's Disease Drug Hits Its Marks
Mon, 20 Oct 2014 15:16:00 GMT
EU offers benefits of “orphan” disease status to Ebola drugs
Mon, 20 Oct 2014 15:05:57 GMT
Reuters – UK Focus – Europe's medicines regulator said on Monday it was ready to offer Ebola treatments and vaccines the benefits of “orphan” drug status — including extended market exclusivity — in a bid to encourage their development. The European Medicines Agency (EMA) said orphan status could be granted for experimental drugs intended for life-threatening conditions affecting no more than five in 10,000 people in the European Union, as is the case for Ebola. Securing the designation is financially attractive, since companies get free scientific advice, fee waivers and 10 years of market exclusivity once a new medicine is authorised. “Applications for orphan designation of Ebola medicines will be treated as a priority and EMA has committed to fast-tracking their evaluation,” the London-based agency said in a statement.
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