Johnson & Johnson relinquishes gains - Analysis - 06-12-2018

Johnson & Johnson's stock hit an intraday high at 148.99, bouncing off it lower and turning the gains into losses before the close, while gathering momentum to help it rise anew, amid the dominance of the upward short-term trend, with positive signals from the RSI, thus marking a final modest loss of 0.12%, or 0.18 points. 

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