Technical Summary: The 1 year chart of JNJ is an extended version of the 5 year chart with the stock consistently grinding its way to new highs. The stock has a habit of getting extended before consolidating or snapping back. It is possibly sitting in an extended version now. Long term investors can be patient and wait for an opportunity to buy the stock when it is not sitting extended. This would be either after a consolidation period or after strength on a price snap back. If you hold the stock there is no real technical reason to sell at the moment. The stock at this stage is maintaining its long term uptrend.
