Johnson & Johnson (JNJ) Offering Possible 8.7% Return Over the Next 35 Calendar Days

Johnson & Johnson's most recent trend suggests a bearish bias. One trading opportunity on Johnson & Johnson is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 8.7% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock rose above the $165.00 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 below 20 which suggests that the stock is in oversold territory.

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

Panorama Capital Corp. announces LOI for qualifying transaction with U.S. based Avisa Pharma Inc.
Wed, 13 May 2020 17:05:00 +0000
KELOWNA, BC , May 13, 2020 /CNW/ – Panorama Capital Corp. (PANO-P.V) (the “Company” or “Panorama”), a capital pool company (“CPC”), is pleased to announce it has entered into a non-binding letter of intent dated May 12, 2020 (the “LOI”) to enter into an arm's length business combination transaction (the “Proposed Transaction”) with Avisa Pharma Inc. (“Avisa”). Established in 2010, Avisa is a private medical device company with its head office in Santa Fe, New Mexico and incorporated under the laws of the State of Delaware . Avisa has developed a quantitative, point-of-care diagnostic breath test known as the Avisa BreathTest (“ABT”) for rapidly detecting bacterial pneumonia and pulmonary infections in approximately 10 minutes.

Hedge Fund Tells Alexion Management to Sell Company
Tue, 12 May 2020 21:07:43 +0000
Elliott Advisors says most recent acquisition is an example of its questionable strategy Continue reading…

Novavax Soars on Coronavirus Vaccine Funding: ETFs to Gain
Tue, 12 May 2020 17:09:05 +0000
Novavax received funding for the coronavirus vaccine and also delivered better-than-expected Q1 results resulting in a stock rally in yesterday's trading session.

Health-care ETFs rise as coronavirus treatments take center stage
Mon, 11 May 2020 17:12:00 +0000
Exchange-traded funds that track the health care sector pushed higher Monday as investors watched for progress on coronavirus treatments. The Select Sector SPDR ETF that tracks health care, often known by its ticker, XLV, was the best performer among all the S&P 500 sectors, up 1.4%, but several other health-care funds were beating it. The iShares U.S. Healthcare ETF rose 1.5%, the Fidelity MSCI Health Care Index was up 1.6%, and the Invesco S&P SmallCap Health Care ETF gained 1.9%. Despite coming from different companies and tracking different indexes, FHLC and PSCH have precisely the same holdings, in the same order, in their top ten, albeit with slightly differing weights. The five biggest holdings for both funds are: Johnson & Johnson , UnitedHealth Group Inc , Pfizer Inc , Merck & Co Inc. , and Abbott Laboratories .

Halozyme Therapeutics (HALO) Stock Is Absurdly Cheap Right Now
Mon, 11 May 2020 15:50:21 +0000
Artisan Mid Cap Fund recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -11.55% for the quarter (investor class), outperforming their benchmark, the Russell Midcap Index which returned -27.07% in the same quarter. You should check out Artisan Mid Cap Fund’s top 5 […]

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