Johnson & Johnson may rise to 155.00 - 157.40

Our pivot point is at 142.

Our preference

Short term rebound.

Alternative scenario

Below 142, expect 138.2 and 135.9.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above its 20 day moving average (146.781) but under its 50 day moving average (148.145).

Supports and resistances

159.8 **

157.4 *

155 **

152.7

147.78 (USD-last)

143.6

142 **

138.2 *

135.9 **

Number of asterisks represents the strength of support and resistance levels.