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Johnson & Johnson May Shed Some Tears in This Bear Market Decline

·2 min read
Johnson & Johnson May Shed Some Tears in This Bear Market Decline
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Johnson & Johnson is ready to pull the band-aid off of their earnings numbers on Tuesday. The On-Balance-Volume (OBV) line has rolled over from December and tells me that sellers of JNJ have been more aggressive. The weekly OBV line shows a long rise and only the start of a turn lower in January.