JNJ Closed above the 20Week Moving Average bullish RSI-LongJNJ Closed above the 20week moving average,
has a bullish RSI divergence above 50 and
has a J-hook pattern.
Immediate target is 150 area and short to intermediate
price target appears to be 162.97-167 within a parallel
channel. 02/15/2019, Moody's maintains AAA rating
with rising revenue. After many years, TALC issues
are baked in. Evidence is earnings jump, buyouts, Apple deals, New Depression drug
with major Future cash flows and new revenue streams ahead.
Latest market decline had little impact on JNJ.
The worst appears behind JNJ with growing revenues.
