Johnson & Johnson Offering Possible 6.38% Return Over the Next 24 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 $90.00 short put and a strike $85.00 long put offers a potential 6.38% return on risk over the next 24 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 $0.30 would be kept by the premium seller. The risk of $4.70 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 75.14 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Johnson & Johnson

The Cardiologist Who Spread Heart Disease
Thu, 24 Oct 2013 04:01:00 GMT
Bloomberg – Mehmood Patel still wakes up early, just as he did when he was a popular heart specialist seeing patients who waited hours for minutes of his time.

The Race Is On for the Next Big Hepatitis C Therapy
Thu, 24 Oct 2013 01:26:29 GMT
Motley Fool – Johnson & Johnson and Gilead expect FDA approvals of new hepatitis C treatments this week.

Cramer: Stock with lots of ways to win
Wed, 23 Oct 2013 22:43:19 GMT
CNBC – “I like nothing more than to find companies that give you lots of ways to win,” Cramer said. “That's this stock, to a tee.”

Johnson & Johnson's Hidden Source Of Value
Wed, 23 Oct 2013 21:19:29 GMT
Seeking Alpha – This article is part of an ongoing series that highlights specific companies that are on sale. It helps me to document my thought processes when I add to my holdings or initiate new positions. Please provide …

Bonds: A Dividend Growth Investor's Best Friend?
Wed, 23 Oct 2013 20:41:20 GMT
Seeking Alpha – What do dividend growth investors like most? The growth part of the equation – the rising income. What do bonds deliver? Income.

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