TMCNet:  After Yesterday's Decline of 3.15%, Juniper Networks Offers Investors Better Value

[April 05, 2013]

After Yesterday's Decline of 3.15%, Juniper Networks Offers Investors Better Value

Apr 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.


In the past 52 weeks, Juniper Networks share prices have been bracketed by a low of $14.01 and a high of $33.11 and are now at $17.56, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.2%.

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.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

[ Back To Cloud Computing 's Homepage ]