Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $127.00 short call and a strike $132.00 long call offers a potential 66.11% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $127.00 by expiration. The full premium credit of $1.99 would be kept by the premium seller. The risk of $3.01 would be incurred if the stock rose above the $132.00 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 22.9 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
Johnson & Johnson (JNJ) Stock Moves -1.59%: What You Should Know
Thu, 03 Jan 2019 22:45:10 +0000
Johnson & Johnson (JNJ) closed at $125.72 in the latest trading session, marking a -1.59% move from the prior day.
VIVUS (VVUS) Banks on New Drug Pancreaze, Qsymia Lacks Luster
Thu, 03 Jan 2019 20:29:08 +0000
Although VIVUS (VVUS) is struggling with its legacy products, promotional initiatives and addition of cash-flow positive assets bode well for the company.
Why Johnson & Johnson Stock is Clearly Set to Rise Again
Thu, 03 Jan 2019 18:24:17 +0000
Triangle pharma inks deal with Johnson and Johnson that's potentially worth $818M
Thu, 03 Jan 2019 17:22:00 +0000
The company will receive $20 million in initial payments, and is eligible to receive up to a total of $798 million in the future.
Buy Apple Stock Once It Hits This Level
Thu, 03 Jan 2019 16:11:29 +0000
Shares of Apple (NASDAQ:AAPL) fell about 8% in Wednesday’s after-hours trading session after the tech giant slashed its quarterly guidance. Not only is such a move uncharacteristic of Apple, but it comes during the company’s biggest quarter of the year. It leaves one burning question for investors: Should I buy and when?
Related Posts
Also on Market Tamer…
Follow Us on Facebook