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
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