Tuesday, December 01, 2009

 

Stock Pick of the Day - Johnson & Johnson

By Larry Swing

Stock of the Day �" Johnson & Johnson (JNJ)

Price - $62.84

Strategy �" Short

RSI �" 76.06

MACD �" 0.70

insert.a.chart.JNJ 

JNJ stock is facing strong resistance at $63 levels. The stock is also trading at lower volumes at current levels. One can short the JNJ stock at current levels and book profit near $58 levels. There is strong support for the stock near $55 levels.


# posted by Larry Swing & Mrswing's Trading Team @ 2:01 AM
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