Johnson & Johnson readies to tackle current resistance - Analysis - 13-12-2017

Johnson & Johnson's stock (JNJ) surged in the intraday levels, scoring a new profit of 1.03% in the last session, or 1.46 points, as the stock readies to attack the important resistance of 144.35, while trading within an ascending price channel that limited recent short-term trading, with positive support from the 50-day SMA. 

Therefore we expect more gains for the stock, provided the resistance of 144.35 is breached, targeting the next one at 149.13.