JNJ Closed above the 20Week Moving Average bullish RSI-Long
JNJ Closed above the 20week moving average, has a bullish RSI divergence above 50 and has a J-hook pattern. Immediate target is 150 area and short to intermediate price target appears to be 162.97-167 within a parallel channel. 02/15/2019, Moody's maintains AAA rating with rising revenue. After many years, TALC issues are baked in. Evidence is earnings jump, buyouts, Apple deals, New Depression drug with major Future cash flows and new revenue streams ahead. Latest market decline had little impact on JNJ. The worst appears behind JNJ with growing revenues.
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