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Challapalli jagadeesh babu
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  • JNJ (Johnson And Johnson) Good Time Sell Puts Or Buy Stock Now Technically Bounced From 100 Dma. 0 comments
    Aug 26, 2013 1:27 AM | about stocks: JNJ

    JNJ (Johnson And Johnson) Good Time Sell Puts Or Buy Stock Now Technically Bounced From 100 DmaJNJ ( Johnson and Johnson) Now Good Time to Sell Puts Or Buy Stock Now, Technically Bounced From 100 Dma with good volume.

    may be Next tgt price is $100
    Reasons:

    1. JNJ (Johnson and Johnson) trading above 100 dma only since 2012.

    2. I attached one year chart . Technically Firstday bounce and bouncing from 100 dma on Friday, may be it will goes to 52 week again.

    (click to enlarge)
    Recent news: -

    -16 July: Johnson & Johnson beats by $0.09, reported revs in-line; raised FY13 EPS, in-line

    -17 July:Johnson & Johnson tgt to $88 from $83 at JPMorgan

    -17 July:Johnson & Johnson downgraded to Hold from Buy at Deutsche Bank

    -17 July:Johnson & Johnson target raised to $99 from $95 at Barclays

    -18 July:Johnson & Johnson target raised to $104 at Argus

    Next qtr earnings Oct 15 before market

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: JNJ
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