Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $149.00 short call and a strike $155.00 long call offers a potential 15.83% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $149.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $5.18 would be incurred if the stock rose above the $155.00 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 37.15 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Johnson & Johnson
J&J unit to start mid-stage COVID-19 vaccine trials in Spain
Mon, 14 Sep 2020 02:38:40 +0000
Johnson & Johnson's
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