Johnson & Johnson may rise to 170.60 - 172.40

160.2 is our pivot point.

Our preference

Our next up target stands at 170.6.

Alternative scenario

Below 160.2, expect 157.1 and 155.3.

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 both its 20 and 50 day moving average (respectively at 161.81 and 162.6702).

Supports and resistances

174.2 **

172.4 *

170.6 **

168.6

164.28 (USD-last)

161.5

160.2 **

157.1 *

155.3 **

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