JNJ IH&S Neckline Push

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JNJ is looking healthy to push higher. The 8dma/50dma crossed today, a historically good sign for JNJ. There seems to be an IH&S forming on the daily, with JNJ nearing neckline level at 150. The MACD is beginning to converge quickly as well. With the recent ER beat, looks good to make new highs.