Johnson & Johnson may rise to 174.60 - 178.00

157.2 is our pivot point.

Our preference

As long as 157.2 is support look for 174.6.

Alternative scenario

Below 157.2, expect 151.5 and 148.1.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 160.2765 and 153.9202). Finally, Johnson & Johnson is trading above its upper Bollinger band (standing at 163.83).

Supports and resistances

181.5 **

178 *

174.6 **

171.1

164.13 (USD-last)

159.4

157.2 **

151.5 *

148.1 **

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