Johnson & Johnson(JNJ) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Johnson & Johnson(JNJ) closed at 66.51, down -0.23 or -0.34 % today. Based on our analysis, Johnson & Johnson(JNJ) is in an uptrend but could lose its momentum.

The closing price of Johnson & Johnson(JNJ) is above its 50 day moving average of 66.22 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Johnson & Johnson(JNJ) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 7-May-2008, about 19 trading days ago.