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Juniper Networks Crosses Below its 10-day MA (JNPR)

By Amy Schwartz

Juniper Networks (NYSE:JNPR) shares have crossed bearishly below their 10-day moving average of $27.83 on a volume of 5.2 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.

In the past 52 weeks, shares of Juniper Networks have traded between a low of $21.18 and a high of $30.96 and are now at $25.76, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Juniper Networks on May 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.73. Since that recommendation, shares of Juniper Networks have risen 5.7%. We continue to monitor JNPR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Juniper Networks

Ticker(s): JNPR