Johnson & Johnson (JNJ) Makes Big Move Relative to Past Month, Crosses 20 Day Moving Average; in an Uptrend Over Past 30 Days

Johnson & Johnson Daily Price Recap

The back and forth price flow continues for Johnson & Johnson, which started today off at 149.55 US dollars, down 2.78% ($4.28) from yesterday. As for how volume fared, yesterday’s volume was up 26.09% from the previous day (Wednesday), and up 124.46% from Thursday of the week before. Below is a daily price chart of Johnson & Johnson.

JNJ

Johnson & Johnson Technical Analysis

Notably, Johnson & Johnson crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Johnson & Johnson’s price has gone up 5 them. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 30 day charts, may be slowing down and ready to reverse.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about JNJ:

    $JNJ Sep 03
    – Daily stock market timing forecast –
    ◆ Investing view
    => Sell – Bearish
    ◆ Search for the daily stock market timing forecast
    http://www.google.com/search?q=pretiming
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 145.33 ~ 152.18
    % Change: -2.82% ~ 1.76%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.

    Timing_Forecast