Johnson & Johnson(JNJ) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) Johnson & Johnson(JNJ) closed at 66.55, down -0.21 or -0.31 % today. Based on our analysis, Johnson & Johnson(JNJ) has rising momentum with an uptrend.

The closing price of Johnson & Johnson(JNJ) is above its 50 day moving average of 66.3 (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 & 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 3-Jun-2008, about 3 trading days ago.