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After Yesterday's Rally of 1.53% Shares Could Potentially Pullback

By Amy Schwartz

Juniper Networks (NASDAQ:JNPR) traded in a range yesterday that spanned from a low of $29.58 to a high of $29.86. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $29.56 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Juniper Networks have traded between a low of $21.17 and a high of $32.39 and are now at $29.75, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Juniper Networks and will alert subscribers who have JNPR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Juniper Networks

Ticker(s): JNPR