The drop today in Johnson and Johnson stock is not unanticipated. The stock has been in a decline for about a week. The last time we discussed JNJ stock was back on July 8. At that time I indicated JNJ stock was overvalued and selling covered calls on a core holding was probably a good idea. I sold covered calls on July 8 and today I set up a large number of trades. I have no concern about the stock and would take assignment if it happened.
Johnson and Johnson stock has a large institutional and pension following. Since the end of the bear market in 2009, every dip and pullback in JNJ Stock has been bought. This article discusses the strategy being used to earn substantial returns off this stock as well as the outlook for the latest pullback and the technical view of the stock over the past 6 months.
Johnson and Johnson Stock Trade Alert for July 15 2014
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Review Johnson and Johnson Stock Strategy Articles
Review Johnson and Johnson Stock Members Strategy Articles
Hide and Seek Covered Calls Strategy For Long-Term Holdings On JNJ Stock
Johnson and Johnson Stock Internal Links
Review Johnson and Johnson Stock Trades for 2013
Review Johnson and Johnson Stock Trades for 2012
Review Johnson and Johnson Stock Trades for 2011
Review Johnson and Johnson Stock Trades for 2010
Review Johnson and Johnson Stock Trades for 2009
Johnson and Johnson Stock External Links
Johnson and Johnson Stock Investors Relations