Technical Summary: The five year chart shows that JNJ has generally trended higher but with more volatility that you would perhaps expect from such a large and stable company. This volatility has continued on the one year chart with a couple of frightening sell offs that may have caught investors unaware. The most recent of these has happened in the last trading session with the stock gapping down before continuing to sell off throughout the day on significantly higher than the average volume. Interestingly enough the stock closed at an area of recent support. The question here is whether this
support will hold or if the stock will find reason to continue selling. It is too early at this stage to get any sort of indication.