Johnson & Johnson: Not Too Late To Take Chips Off The Table

4/19/17

Back on July 25th of last year I wrote an article recommending people 'ease off' medical conglomerate Johnson & Johnson. My reasoning was based mostly off valuation. The stock was at multi-year highs and was at a big premium to its average ten-year valuation.

Courtesy of Google Finance. (NYSE:JNJ)

That ended up being a pretty good call. As you can see, since that time shares of J&J have dropped to almost $110, before recovering to a 'candlestick' top that hit almost $130.

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