Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Johnson & Johnson's stock slipped 0.12% in the last session, or 0.17 points, ending a session marked with volatility in an attempt to garner momentum to help it rise anew, amid the dominance of the upward trend in the short term, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, provided the pivotal resistance of 148.14 was breached, targeting the next one at 153.99.
Expected trend for today: Likely Bullish