The charts are saying that there could be a possible Buy signal beginning Monday or Tuesday for JNJ. Could even be today...lol ;)
If not this stock could continue going sideways.
Just bare in mind that earnings is on 20th January.
The health sector is currently one of the better performing sectors in the S&P. The chart still looks quite bullish. Hopefully any overbought condition will be corrected in due time.
Friday, January 9, 2009
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