Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 5.71% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $95.00 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 at 66.4 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
Gorman Rupp, American Vanguard, Pharmacyclics, GlaxoSmithKline and Johnson & Johnson highlighted as Zacks Bull and Bear of the Day
Tue, 03 Jun 2014 11:20:48 GMT
Boehringer fixes factory, clearing way for new approval request
Tue, 03 Jun 2014 09:53:22 GMT
Reuters – UK Focus – Eli Lilly's partner in a diabetes alliance, Boehringer Ingelheim, said that U.S. regulators had given it the go-ahead for a German plant after solving quality problems, paving the way for a renewed request for approval of a drug. The U.S. Food and Drug Administration in March declined to approve Lilly and Boehringer's experimental diabetes drug empagliflozin, citing manufacturing problems at Boehringer's headquarters, where it would be made. Boehringer on Tuesday said it was told by the FDA that based on a March inspection, the facility's quality management and compliance systems were found to be acceptable again. The FDA issued a warning letter in May 2013 citing problems it found at the Boehringer plant during an inspection six months earlier.
Chicago Sues Drug Companies for Pushing Prescription Opiates
Tue, 03 Jun 2014 01:14:05 GMT
Value-creating takeover play for Johnson & Johnson
Mon, 02 Jun 2014 22:25:00 GMT
Business Highlights
Mon, 02 Jun 2014 21:46:11 GMT
AP – ___ British executive accused in China drug bribery Chinese police Wednesday accused a British executive of GlaxoSmithKline of leading a sprawling scheme to bribe doctors and hospitals to use its drugs. …
Related Posts
Also on Market Tamer…
Follow Us on Facebook