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Bearish Moving Average Cross by Juniper Networks (JNPR)

By Nick Russo

Today, shares of Juniper Networks (NASDAQ:JNPR) have fallen below their 10-day MA of $29.16 on a volume of 3.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Juniper Networks has traded in a range of $21.18 to $30.96 and is now at $28.08, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in Juniper Networks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Juniper Networks in search of a potential trend change.

Keywords: moving crosses Juniper Networks

Ticker(s): JNPR