Johnson & Johnson (JNJ) has become severely oversold at strong support. Plus, it’s starting to pivot from over-extensions on RSI, MACD, and William’s %R. From a current price of $158.32, we’d like to see JNJ closer to $165 again. While the company still has mounds of talc powder lawsuits, it should be able to weather the storms. Plus, as we wait for JNJ to finally recover, we can collect its current yield of 3.01%
Johnson & Johnson (JNJ)
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