Stock Of The Day: Johnson & Johnson Hits Crucial Roadblock — Can It Break Through?

Loading...Loading...Investors loved the Johnson & Johnson JNJ earnings report. The stock is trading much higher, but it has stalled out around an important resistance level.In financial markets, some price levels have more importance than others. As you can see on the chart, the $155.00 has been an important one for JNJ. It has been both a resistance and a support level. That's why it is our Stock of the Day.The stock found support around$155.00 in February before reversing and moving higher. After selling ...