FX.co ★ JNJ stock price jumps on better than expected Q2 results.

Green lines- Fibonacci extension targets

JNJ stock price is trading around $168 from $158-$159 it was trading yesterday. Today the Q2 financial results were announced that topped Wall Street's expectations due to strong sales growth from the company's med-tech business. In our technical analysis yesterday we discussed the upside potential of the stock price of this company towards $165 and $170. The reaction to the financial results confirms our view and we already surpassed our first target.