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 kept rising in the intraday levels, scoring a fresh profit of 0.63% in the last session, or 0.90 points, with positive support from the 50-day SMA, coupled with the dominance of the upward short-term trend along its line, and accompanied by a spike in trading volumes, as the stock readies to tackle the 143.62 resistance.
Therefore we expect more gains for the stock, especially if the resistance of 143.62 was breached, targeting the next pivotal one at 148.14.
Expected trend for today: Bullish