Johnson & Johnson (JNJ) Offering Possible 23.46% Return Over the Next 21 Calendar Days

Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $141.00 short put and a strike $136.00 long put offers a potential 23.46% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $141.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $136.00 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

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Vetr Upgrades Johnson & Johnson Following Post-Earnings Dip
Wed, 25 Oct 2017 20:59:13 +0000
The Vetr crowd on Wednesday upgraded its rating on Johnson & Johnson (NYSE: JNJ ) from 2.5 stars (Sell), issued 13 days ago, to 3 stars (Hold). Crowd sentiment at the time of the upgrade was generally …

Johnson & Johnson to Participate in the 26th Annual Credit Suisse Health Care Conference
Wed, 25 Oct 2017 15:27:00 +0000
NEW BRUNSWICK, N.J. , Oct. 25, 2017 /PRNewswire/ — Johnson & Johnson (NYSE: JNJ) will participate in the 26th Annual Credit Suisse Health Care Conference on Wednesday, Nov. 8 , at The Phoenician in Scottsdale, …

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