I just entered a trade on JNJ for the following reasons:
- Coronavirus vaccine play
- Valuation - Fair Value is $191.00 and the current price is $129.15
- JNJ's short term assets ($45.3B) exceed its short term liabilities ($36.0B)
- MACD as crossed Bullish
- Dividend Yield of 2.90%
Problems
- RSI slightly turned down
- Long Term Liabilities: JNJ's short term assets ($45.3B) do not cover its long term liabilities ($62.3B).