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JOHNSON & JOHNSON
(JNJ-NYSE):
Technical Viewpoint: From a low
of $66 1/8 on Mar 7, 2000 prices
rallied, reaching a
high of $82 1/4
on Mar 22, 2000. A
decline saw prices pull back, reaching a
low of
$68 5/8 on Mar 27, 2000.
Another rally saw prices penetrate
resistance, closing 5/8/00
at $87 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 17, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $78.00. Resistance: Is at $90.19.
Point & Figure: Reversed to the upside on Apr 17, 2000. A P&F upside
reversal takes place at $84.00. Summary: Technical indicators have turned bullish. BUY! JOHNSON & JOHNSON
(JNJ-NYSE) @ $87 7/8 Stop: Use a protective stop of $85 1/4.
JOHNSON & JOHNSON is currently trading @ $87 3/4 plus $3 3/4 on May 8, 2000. Price Objective:
$110.00. Risk/Reward: $2 5/8 VS. $22 1/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$110.00
Risk/Reward:
$2 5/8 VS. $22 1/8
Risk/Reward Ratio:
8:1
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