BUY! JOHNSON & JOHNSON (JNJ) NYSE

  Report No. 1304    Analysis by: Harry Aloof     JUNE 18, 2001

JOHNSON & JOHNSON (JNJ-NYSE): Technical Viewpoint: From a low of $45.44 on Apr 23, 2001 prices rallied, reaching a high of $51.00 on May 18, 2001. A decline saw prices pull back, reaching a low of $48.20 on May 31, 2001. Another rally saw prices penetrate resistance, closing 6/15/01 at $52.04. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 18, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $50.25. Resistance: Is at $52.97. Point & Figure: Reversed to the upside on Jun 5, 2001. A P&F upside reversal takes place at $50.50. Summary: Technical indicators have turned bullish. BUY! JOHNSON & JOHNSON (JNJ-NYSE) @ $52.38 Stop: Use a protective stop of $49.63. JOHNSON & JOHNSON is currently trading @ $52.04 plus $1.13 on Jun 15, 2001. Price Objective: $61.50. Risk/Reward: $2.75 VS. $9.12. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$61.50 Risk/Reward:
$2.75 VS. $9.12 Risk/Reward Ratio:
3:1
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