Johnson & Johnson stock trades under the ticker JNJ & has shown recent bullishness amid volatile market conditions that traders & investors should research further into.
JNJ stock closed at $167.59/share on 8/22/2022.
(**The author has a long puts & long shares position in JNJ stock**)
Johnson & Johnson JNJ Stock’s Technical Performance Broken Down
JNJ Stock Price: $167.59
10 Day Moving Average: $166.81
50 Day Moving Average: $172.12
200 Day Moving Average: $169.68
RSI: 43.57
MACD: -1.82
Yesterday, JNJ stock completed a bullish MACD crossover, settling ~1% above its closest support level, and short of its 200 day moving average.
Their RSI is on the oversold side of neutral, and recent trading volumes have been about average compared to the year prior, signaling that there is still uncertainty among market participants about their value.
JNJ stock has support at the $166.14 & $164.02 price levels, as they try to break out above the $168.63 & $170.44/share resistance levels.
Johnson & Johnson JNJ Stock As A Long-Term Investment
Long-term oriented investors will like JNJ stock’s 24.64 P/E (ttm), but may find their 5.83 P/B (mrq) to be a bit rich.
Investors will also want to look further into their recently reported 3% Quarterly Revenue Growth Y-0-Y & -23.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing, with $32.57B of Total Cash (mrq) & $32.6B of Total Debt (mrq).
JNJ stock pays a 2.56% dividend yield, which may not be sustainable in the long-run, as their payout ratio is 62.74%.
70.64% of JNJ stock’s outstanding share float is owned by institutional investors.
Johnson & Johnson JNJ Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in JNJ stock, while protecting their portfolio from external market volatility.
I am looking at the contracts with the 9/16 expiration date.
The $165, $162.50 & $160 call options are all in-the-money, listed from most to least open interest.
The $170, $175 & $180 puts are also all in-the-money, listed from the most to least liquid strike price.
Tying It All Together
JNJ stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their healthy balance sheet, as well as their dividend yield, but may want to check how sustainable the yield is in the long-run.
Traders will like their current momentum amid a volatile market, as well as the liquidity of their options.
All-in-all, JNJ stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I HAVE A LONG SHARES & PUTS POSITION IN JNJ STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***