No Tears In Johnson & Johnson

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Johnson & Johnson JNJ shares are trading higher by $0.55 at $116.18 in Monday's session. It's down a little more than $1 from Thursday's close ($117.38), which is much better than the broad market has fared over the same time period.

Off the open, it matched Friday's low ($105) and and began to move higher. Also, that low coincided with its June 17 low of $115.01. The ensuing rally came up well shy of Friday's high ($117.12), only reaching $117.12.

The issue is within striking distance of its all-time high that was made on June 14 at $117.74, Its all-time closing high was made the day before at $117.12.

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