Johnson & Johnson may rise to 171.10 - 174.40

155.2 is our pivot point.

Our preference

As long as 155.2 is support look for 171.1.

Alternative scenario

The downside breakout of 155.2 would call for 149.6 and 146.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 159.709 and 152.948).

Supports and resistances

177.8 **

174.4 *

171.1 **

167.7

160.16 (USD-last)

157.4

155.2 **

149.6 *

146.3 **

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