JNJ now more “value”

JNJ rarely trades +/- 10% off it's upward sloping trendline.

It's down about that much off it right now. You never know what the future holds but it's a better bet than if it were up at +10%.

That said, that trendline only slopes up about 7% annually, plus 3% dividend, making total return that of a lower growth, mature company. That's exactly what JNJ is.