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Trouble Brewing For Johnson & Johnson

|Includes: Johnson & Johnson (JNJ)

Shares of Johnson & Johnson (NYSE:JNJ) are expected to see selling pressure in the coming days based off a bear flag pattern on the stock chart. The bear flag signals classic institutional selling pressure distribution as the smaller investor buys, believing the stock market will never go down. Once Johnson & Johnson begins to fall, it will fall fast, reaching a projected price target of $129.00. This target price is expected to be achieved within 2 weeks and is an easy swing trade short.

 

Bear flag stock chart says sell shares of Johnson & Johnson