Johnson & Johnson's stock (JNJ) edged down in the intraday levels, recording a loss of 0.04% in the last session, or 0.06 points, as the stock tries to vent off overbought saturation in the RSI, while traders collect recent profits, and as the stock garners momentum to help it rise anew, while trading within an ascending short-term price channel, with positive pressure from the 50-day SMA, coupled with a noticeable rise in trading volumes.
Therefore we expect the stock to return higher, targeting the resistance of 149.13, as long as the support of 144.35 holds on.
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MasterCard's stock (MA) kept rising in the intraday levels, scoring a fresh profit of 0.71% in the intraday levels, or 1.16 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, confirming thereafter the breach of the 163.24 resistance.
MoreMicron Technology's stock (MU) returned lower in the intraday levels, recording a loss of 0.61% in the last session, or 0.27 points, after touching the resistance of the 50-day SMA, amid positive signals from the Relative Strength Index, while trading within a positive pattern that's forming currently in the short term, the Symmetrical Triangle pattern.
MoreIntel's stock (INTC) rose in the intraday levels, scoring a fresh profit of 0.20% in the last session, or 0.09 points, amid the dominance of the upward short-term trend, with positive signals from the RSI, countered with negative pressure from the 50-day SMA.
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