Johnson & Johnson stock closes up 0.88% as daily MACD lags
Photo: The Cryptonomist
Johnson & Johnson stock shows a cautiously bullish daily setup, but momentum does not fully endorse it. The completed session price sits above all three daily exponential averages. However, daily MACD remains below its signal, and the hourly chart presents a separate resistance hurdle. Tuesday’s earnings reports add context. Key takeaways Johnson & Johnson stock closed Monday’s session at $263.73, a 0.88% gain from the previous close of $261.44. The close sits above the daily 20-session EMA at $262.97 and 50-session EMA at $262.74, but below the daily Bollinger mid-band at $264.56.
Source: The Cryptonomist
