Johnson & Johnson vs USDJohnson & Johnson has seen extreme price consolidation since last November. Since they are a highly diversified healthcare company, currency translations affect their bottom line quite substantially. With the recent contraction of the US Dollar, Johnson & Johnson has broken out of a prolonged trading range. If the dollar continues to contract against other foreign currencies, Johnson & Johnson will make better on their hedges and increase the bottom line substantially, thus increasing free cash flow and overall economic opportunity.
JNJB34 trade ideas
Watch this Level: Johnson&Johnson Weekly The next major weekly(medium term) Support level to watch for J&J. Watch for a rebound or a breakout.
Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout.
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$JNJfundamentals:
from the start of 2013 to the present...
price: +49.96%
revenues: +7.42%
on the other hand, free cash flow is down from 10.105B in Q3, 2010 to 7.974B for Q2, 2014
technicals:
the monthly Williams %R hasn't been below -80 since mid-late 2010.
this is indicative of positive pressure.
J&J: Heading to sideways range ceiling!-After breaking below 90.00 support area and heading sharply lower, shares managed to rebound strongly back above that broken level
-The price has recently retested that level, before bouncing confirming the level as a new support.
-Rising volume on the rebound
-price is trading within a sideways range since august
I am looking for a move towards 94.40 and 96.00 resistance levels.
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