TMCNet:  Upgrade Alert for Johnson & Johnson (JNJ)

[December 11, 2012]

Upgrade Alert for Johnson & Johnson (JNJ)

Dec 11, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Johnson & Johnson (NYSE:JNJ) was upgraded from Neutral to Buy at Davenport today. The stock closed yesterday at $70.60 on volume of 9.4 million shares, below average daily volume of 11.7 million. There is potential upside of 7.7% for shares of Johnson & Johnson based on a current price of $70.60 and an average consensus analyst price target of $76.06. The stock should find initial support at its 50-day moving average (MA) of $69.71 and further support at its 200-day MA of $66.88.


In the past 52 weeks, Johnson & Johnson share prices have been bracketed by a low of $61.71 and a high of $72.74 and closed yesterday at $70.60, 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets. The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world.

SmarTrend is tracking the current trend status for Johnson & Johnson and will alert subscribers who have JNJ in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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