JNJ - Bullish Divergence!
Posted by Book Eater
RSI up, MACD above zero line with fast crossing slow line.
Falling Wedge pattern.
Let's trade this!
Fundamentally good stock- read business week na lang (voted as one of the best investability quotients)
Reference: http://www.businessweek.com/investor/content/feb2008/pi20080215_342704.htm?link_position=link1
Technicals: not too volatile (as seen from the 52-wk range)
Buying JNJ at 62.65 is just very close to its 52 wk low of 59.72 (just around 5% downside risk).
Closed at the high, volume is okay:)
- Nix