Over the last 6 months the lowest close in Johnson and Johnson Stock (JNJ) was $143.34 on Dec 30. The stock made a 52 week high of $168.85 on September 4. The stock is down over 14% from that high. I like the stock at present levels. I discussed a trade idea in the morning Investing Strategy Notes and took advantage of further weakness today to set that trade up.
The trade alert provides the details and further comments.
This trade alert and ideas article is for FullyInformed Members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing can be risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Nothing you read are recommendations. FullyInformed.com is for educational and entertainment purposes only. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. Some positions in mentioned stocks may already be held or are being adjusted. Read the full disclaimer.
