MJN is long from $66.26. It is trading at $84.25 as of this writing.
MJN continues buyout talks with RBGLY. The offer is reportedly worth $90 per share. Other potential suitors are DANOY, NSRGY, and KHC. From our last post ,
Profits have been taken on all but 10% of the position in MJN. Consider raising stops on the remaining in the zone of $69.23 to $69.38. There is still a buyout potential and that is the reason to hold the remaining small quantity with a tight stop.
The stock dipped into the stop zone but did not cross the low end of the stop zone.