Johnson & Johnson ST: as long as 123.4 is support look for 130.1

Our pivot point is at 123.4.

Our preference:as long as 123.4 is support look for 130.1.

Alternative scenario: below 123.4, expect 121.3 and 120.

Comment: the RSI is above 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 MA (respectively at 125.76 and 119.61). Johnson & Johnson is currently trading near its 52 week high reached at 129 on 15/03/17.

Support and resistances:
132.6000
131.3000
130.1000
125.8000 Last
123.4000
121.3000
120

Updated Time: 28/03/2017 06:07 AM