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Shares of Johnson & Johnson (JNJ +1.5%) are trading at a fresh all-time high today,...

Shares of Johnson & Johnson (JNJ +1.5%) are trading at a fresh all-time high today, ratcheting up an ongoing a streak of higher highs since the beginning of the year after UBS ups its price target on the shares from $81.00 to $87.00. If the stock closes out the week above $79.74, this could be it's longest winning streak in at least 20 years.
Comments (6)
  • Trimmed near 72 (a high not that long ago). Feeling a bit silly now. I guess the lawsuits and recalls don't seem to bother the market....
    26 Mar 2013, 03:39 PM Reply Like
  • Impossible to hit the tops and bottoms exactly. Impossible. Don't beat yourself up over it.
    26 Mar 2013, 03:51 PM Reply Like
  • Bought a long long term core holding position at $68 and holding. Very happy and long JNJ.
    26 Mar 2013, 03:53 PM Reply Like
  • It's a stock that's probably best not to trade. Despite whatever problems they might encounter, like lawsuits or recalls, the company has the size to prevail. All it takes is time and the risk of missing an up move while trading in and out is probably not worth it.

     

    Rising annual dividend payments means time is on your side with this one.
    26 Mar 2013, 03:57 PM Reply Like
  • There is an old saying that there has never been a bad time to buy JNJ
    26 Mar 2013, 05:36 PM Reply Like
  • I bought a full position of JNJ at $60 several years ago. It languished for what seemed like forever, though the dividends have been decent. It's nice to see it finally moving up in price a bit. It's now our second largest dividend holding. I'm thinking it's a keeper for now.
    26 Mar 2013, 06:37 PM Reply Like
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