It's Not Too Late To Profit With Johnson and Johnson (JNJ)

Posted: Monday, November 23, 2009 12:13 PM EDT

Johnson and Johnson (NYSE: JNJ) hit a new 52-Week high of $63.10 so far today. Currently the stock is up $.31 (0.5%) to $62.62 on 5,231,112 shares traded. Today's high is up $16.37 from a 52-Week Low of $46.25. Johnson and Johnson stock has been showing support around $61.32 and resistance in the $63.12 range. Technical indicators for the stock are bullish and S&P gives JNJ a positive 4 STARS (out of 5) buy ranking. JNJ continues its recent strong upward momentum and rose to a new 52 week high earlier in the session. If you are looking for a hedged play on JNJ the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (JNJ)