Stock Of The Day: Johnson & Johnson Hits Crucial Roadblock — Can It Break Through?
Portfolio Pulse from Mark Putrino
Johnson & Johnson (NYSE: JNJ) has hit a crucial resistance level at $155.00 after a positive earnings report. The stock has previously found support and resistance at this level, indicating significant buyer and seller activity. The current resistance is due to remorseful buyers placing sell orders to exit at breakeven.
July 17, 2024 | 7:12 pm
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Johnson & Johnson's stock has hit a crucial resistance level at $155.00 after a positive earnings report. The stock has previously found support and resistance at this level, indicating significant buyer and seller activity. The current resistance is due to remorseful buyers placing sell orders to exit at breakeven.
The $155.00 level has been a significant support and resistance point for JNJ. The stock's current resistance is due to remorseful buyers placing sell orders to exit at breakeven, which could keep the price from moving higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100