MJN (Long)...

I'm importing MJN from the stock blog over to here. The original post can be found here. Note the black arrow represents the previous entry, and the green arrow represents this update.

So what's change since then? Well, MJN proceeded to break out above the post-earnings highs, run about 10%, and has now pulled back to retest those levels. Volume is low on this pullback, and the stock is about to retest a confluence of support. We have the previous resistance level and the upcoming middle BB. I like MJN here on a pullback. We'll let it come to us.



Position: none