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Johnson & Johnson (JNJ) Crosses Pivot Point Support at $69.15
[November 26, 2012]

Johnson & Johnson (JNJ) Crosses Pivot Point Support at $69.15

Nov 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- Johnson & Johnson (NYSE:JNJ) has opened bearishly below the pivot of $69.36 today and has reached the first level of support at $69.15. Analysts will be watching for a cross of the next downside pivot targets of $68.75 and $68.14.

Johnson & Johnson has overhead space with shares priced $69.04, or 8.9% below the average consensus analyst price target of $75.82. Johnson & Johnson shares should encounter resistance at the 50-day moving average (MA) of $69.08 and support at its 200-day MA of $66.47.

In the past 52 weeks, Johnson & Johnson share prices have been bracketed by a low of $61.05 and a high of $72.74 and are now at $69.04, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Johnson & Johnson. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Johnson & Johnson in search of a potential trend change.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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