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JOHNSON & JOHNSON
(JNJ-NYSE):
Technical Viewpoint: From a low
of $56.60 on Oct 10, 2002 prices
rallied, reaching a
high of $61.30
on Oct 21, 2002. A
decline saw prices pull back, reaching a
low of
$55.86 on Oct 29, 2002.
Another rally saw prices penetrate
resistance, closing 10/31/02
at $58.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 31, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.25. Resistance: Is at $61.30.
Point & Figure: Reversed to the upside on Oct 31, 2002. A P&F upside
reversal takes place at $56.25. Summary: Technical indicators have turned bullish. BUY! JOHNSON & JOHNSON
(JNJ-NYSE) @ $59.13 Stop: Use a protective stop of $57.13.
JOHNSON & JOHNSON is currently trading @ $58.75 plus $1.45 on Oct 31, 2002. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $15.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2.50 VS. $15.88
Risk/Reward Ratio:
6:1
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