Pharma Giant Forming Bullish Flag After Strong Quarter
Johnson & Johnson (JNJ) shares of the healthcare giant are forming a solid bull flag and staying in an uptrend as a defensive name in favor currently with the stock up over +13% in the first quarter and looks poised to pop higher towards 170 from here. JNJ saw recent buyers of 1500 May $160 calls at $7.55 on 3/18 still holding in OI as well as 1000 July $160 calls bought for $9.80.
