Earlier this year I posted mystery charts $WMT & $GOOG at various times. I didn’t mention what the charts were but both were very long term with monthly or annual intervals.
I love these long dated charts because they give me perspective of the asset’s historic price behavior.
At the time both $WMT & GOOG had not done much over extended periods but both broke out.
Now I am looking at another one.
As @StevenPlace pointed out earlier on StockTwits, $JNJ had a 4SD move today after reporting earnings yesterday AM and made a 52week high during yesterday’s session.
This 4SD move, as @JJRoche points out, was only a 2% move!?!? WTF!??!
Well, $JNJ is the Emperor of Sleepy Dow 30 stocks that have gone nowhere forever.
If this Perry Como Name breaks out, it will be super bullish for the $DIA.
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