Johnson & Johnson may rise to 155.70 - 157.40

Our pivot point stands at 147.2.

Our preference

The upside prevails as long as 147.2 is support.

Alternative scenario

The downside breakout of 147.2 would call for 144.5 and 142.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 147.0195 and 148.1744).

Supports and resistances

159 **

157.4 *

155.7 **

154

149.88 (USD-last)

148.2

147.2 **

144.5 *

142.8 **

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