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Wednesday, July 3, 2013

Unexpected Volume Found In (NYSE: MJN)

NYSE (NYSE: MJN): fell by 9.15% or $-6.85/share to $68.05. In the past year, the shares have traded as low as $61.27 and as high as $86.87. On average, 1461610 shares of MJN exchange hands on a given day and today's volume is recorded at 2823277. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $76.12 area where the stock may encounter resistance.