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Johnson & Johnson Enters Oversold Territory


Published on 2024-12-06 12:31:18 - Forbes
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  • Johnson & Johnson an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of JNJ entered into oversold territory

The article from Forbes discusses Johnson & Johnson's stock entering oversold territory, as indicated by its Relative Strength Index (RSI) dropping below 30. This condition suggests that the stock may be undervalued following a period of heavy selling. The piece highlights that while an RSI below 30 can signal a potential buying opportunity, it does not guarantee an immediate price recovery. It also notes Johnson & Johnson's consistent dividend payments, with the company having increased its dividend for 62 consecutive years, making it a Dividend Aristocrat. The article advises investors to consider this historical performance alongside the current RSI when evaluating the stock's investment potential.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/dividendchannel/2024/12/06/johnson--johnson-enters-oversold-territory/ ]