Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $136.00 short put and a strike $131.00 long put offers a potential 21.07% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $136.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $131.00 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 75.4 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Johnson & Johnson
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Wed, 27 Nov 2019 19:06:16 +0000
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Possible criminal probe undermines recovery in opioid stocks since global legal settlement announced
Wed, 27 Nov 2019 17:36:00 +0000
The stock prices of opioid drugmakers and distributors fell this week after news of a possible federal criminal probe, eroding many of the gains made in the weeks since a global settlement resolving opioid litigation was first announced.
Opioid Stocks Fall on News of Federal Criminal Investigation
Wed, 27 Nov 2019 14:37:00 +0000
Shares of companies caught up in the opioid litigation have risen recently, but a Wall Street Journal report appears to have reminded investors that the trouble could continue.
Health Care ETFs Are Breaking Out, But Political Risks Linger In 2020
Wed, 27 Nov 2019 14:35:07 +0000
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Should iShares Russell Top 200 Value ETF (IWX) Be on Your Investing Radar?
Wed, 27 Nov 2019 13:10:01 +0000
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