Johnson & Johnson shares dipped slightly after a recent surge driven by better-than-expected earnings and a positive outlook. The stock is within a long-term trading range, with key resistance at $168 and $180, and support at $155 and $145. The company also reduced its tariff cost forecast to $200 million for the year.

Despite a recent death cross, J&J shares rallied past key moving averages and a symmetrical triangle. The relative strength index indicates positive momentum, but the jump in price was on low volume. Investors should monitor resistance at $168 and support at $155, with potential for a rally to $180 if key levels are crossed.

Investors should watch for a breakout above $168 leading to a potential rally to $180. On retracements, support may be found at $155, near the 50-week moving average. A deeper pullback could see support at $145. Monitoring these levels can provide opportunities for investors to enter or exit positions.

The information provided is for informational purposes only. The author does not own any of the mentioned securities. For more details, refer to the original article on Investopedia.

Read more at Yahoo Finance: Watch These Johnson & Johnson Price Levels After Stock’s Post-Earnings Pop