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Watch for Juniper Networks to Potentially Rebound After Falling 3.15% YesterdayApr 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- Juniper Networks (NASDAQ:JNPR) traded in a range yesterday that spanned from a low of $16.75 to a high of $17.65. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $17.93 on volume of 13.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. SmarTrend recommended that its subscribers protect gains by selling shares of Juniper Networks on February 26th, 2013 by issuing a Downtrend alert when the shares were trading at $20.55. Since that call, shares of Juniper Networks have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Over the past year, Juniper Networks has traded in a range of $14.01 to $33.11 and is now at $17.56, 25% above that low. The 200-day and 50-day moving averages have moved 0.21% higher and 1.15% lower over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |