A weekly chart reveals the long-term trading range in which JNJ
has been stuck. This Dow component ran up due to buybacks around the start of this year. But the trend and volume-based indicators show a lack of quiet accumulation by Dark Pools. The stock slid down ahead of its earnings
release today and gapped up slightly on the report, but there has been considerable profit-taking today as well. So JNJ
remains bound in a narrower range just below the trading range highs, where it could languish for some time.