Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $103.00 short put and a strike $97.50 long put offers a potential 5.97% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $5.19 would be incurred if the stock dropped below the $97.50 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 41.15 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
Hewlett-Packard: The last of the megalayoffs
Tue, 07 Oct 2014 20:19:22 GMT
Why far-flung 3M isn't likely to follow in H-P's breakup path
Tue, 07 Oct 2014 18:38:16 GMT
As Obamacare Batters Device Makers, Lobby Snuggles With Hillary Clinton In Chicago
Tue, 07 Oct 2014 16:03:00 GMT
Combating Ebola threat
Tue, 07 Oct 2014 14:07:00 GMT
How prepared is US to contain Ebola?
Tue, 07 Oct 2014 11:16:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook