JOHNSON and JOHNSON(JNJ) has rising momentum with an uptrend

(31-Mar-2008) (31-Mar-2008) JOHNSON and JOHNSON(JNJ) closed at 64.18, down -0.44 or -0.68 % today. Based on our analysis, JOHNSON and JOHNSON(JNJ) has rising momentum with an uptrend.

The closing price of JOHNSON and JOHNSON(JNJ) is above its 50 day moving average of 63.51 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that JOHNSON and JOHNSON(JNJ) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 12-Mar-2008, about 13 trading days ago.