11/18/17 - JNJ has been on a majestic bullish power trend since 03/09.
You can't be anything but bullish long-term. If we were trying to time the market or at least get a better price, we might want to wait for a 10% pullback to the most recent pivot high of 123-126ish from August 2016. If that area of 123-126 is taken out I would be more bearish than bullish with the next lower target area of 109-113ish. As a strong fundamental company that has increased dividends every year for 54 straight years and is stable during a recession, this is a great company to own for your portfolio. Current Forward Dividend & Yield is 3.36 (2.37%).
You can't be anything but bullish long-term. If we were trying to time the market or at least get a better price, we might want to wait for a 10% pullback to the most recent pivot high of 123-126ish from August 2016. If that area of 123-126 is taken out I would be more bearish than bullish with the next lower target area of 109-113ish. As a strong fundamental company that has increased dividends every year for 54 straight years and is stable during a recession, this is a great company to own for your portfolio. Current Forward Dividend & Yield is 3.36 (2.37%).