Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

JNJ (Johnson And Johnson) Good Time Sell Puts Or Buy Stock Now Technically Bounced From 100 Dma.

|Includes:Johnson & Johnson (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.


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