JOHNSON and JOHNSON(JNJ) is in an downtrend

(29-Jan-2008) (29-Jan-2008) JOHNSON and JOHNSON(JNJ) closed at 62.97, down -0.1 or -0.16 % today. Based on our analysis, JOHNSON and JOHNSON(JNJ) is in an downtrend.

The closing price of JOHNSON and JOHNSON(JNJ) is below its 50 day moving average of 66.98 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that JOHNSON and JOHNSON(JNJ) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 18-Jan-2008, about 8 trading days ago.