Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 5.26% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $85.00 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 74 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Johnson & Johnson
P&G earnings ‘right on track': CFO
Fri, 25 Oct 2013 11:12:00 GMT
CNBC – Jon Moeller, Procter & Gamble CFO, breaks down the consumer products giant's third quarter results and weighs in on the pulse of consumer spending around the globe.
Wal-Mart Now Has More Solar Than 38 U.S. States; Drink!
Fri, 25 Oct 2013 09:25:28 GMT
Bloomberg – Solar power and keg stands have one thing in common: Wal-mart wants to profit from them. In the race for commercial solar power, Wal-Mart is killing it.
Stribild Vs. Tivicay In HIV Drug Race
Fri, 25 Oct 2013 00:42:22 GMT
Seeking Alpha – Tivicay, approved in August, is a new pill for the treatment of HIV-1 infections from Viiv Healthcare. Analysts see it as a potential blockbuster by 2017, a drug that will give competition to some of the …
FDA advisers unanimously back J&J hepatitis C drug
Thu, 24 Oct 2013 20:57:38 GMT
FDA advisers unanimously back J&J hepatitis C drug
Thu, 24 Oct 2013 20:57:38 GMT
AP – An experimental hepatitis C drug from Johnson & Johnson has won unanimous support from government advisers who say the medication should be approved to treat patients infected with the liver-destroying …
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