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Johnson & Johnson Enters Oversold Territory

The article from Forbes discusses Johnson & Johnson's stock entering oversold territory, as indicated by its Relative Strength Index (RSI) dropping below 30. This condition suggests that the stock may be undervalued following a period of heavy selling. The piece highlights that while an RSI below 30 can signal a potential buying opportunity, it does not guarantee an immediate price recovery. It also notes Johnson & Johnson's consistent dividend payments, with the company having increased its dividend for 62 consecutive years, making it a Dividend Aristocrat. The article advises investors to consider this historical performance alongside the current RSI when evaluating the stock's investment potential.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/dividendchannel/2024/12/06/johnson--johnson-enters-oversold-territory/ ]