Johnson & Johnson may rise to 152.90 - 154.90

Our pivot point is at 141.8.

Our preference

Short term rebound towards 152.9.

Alternative scenario

Below 141.8, expect 138.3 and 136.3.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 146.5825 and 148.0016).

Supports and resistances

157.1 **

154.9 *

152.9 **

150.8

146.48 (USD-last)

143.2

141.8 **

138.3 *

136.3 **

Number of asterisks represents the strength of support and resistance levels.