Johnson & Johnson (JNJ) Up 0.16%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days

Johnson & Johnson Daily Price Recap

152.3 was the closing price of the day for Johnson & Johnson, resulting in today being one in which price moved up 0.16% ($0.24) from the day prior. As for how volume fared, yesterday’s volume was up 107.29% from the previous day (Tuesday), and up 85.96% from Wednesday of the week before. Here is a daily price chart of Johnson & Johnson.

JNJ

Johnson & Johnson Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to JNJ:

    $JNJ I have a question for the J&J vaccine followers. I have an opportunity to participate in their phase 3 trial. I have tried to find the specifics of their Ad26.COV2.S online and have had trouble finding specifically how the vaccine works. Is it mRNA based like Moderna or does it simply introduce the spike protein into the cells for the body to mount an immune response similar to existing flu vaccines? I have found that often investors through their DD know more about how their vaccines work than most others! If it uses a mechanism similar to prior flu vaccines then I am all in, but if this is a new vaccine technique like Modern or AstraZeneca then I am more hesitant. Thanks in advance!

    What would you all do? Would you participate in the study to potentially get the vaccine early?

    Dfrizzle