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After Yesterday's Rally of 1.58% Shares Could Potentially Pullback

By James Quinn

Juniper Networks (NASDAQ:JNPR) traded in a range yesterday that spanned from a low of $23.20 to a high of $23.58. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $23.15 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Juniper Networks share prices have moved between a 52-week high of $32.39 and a 52-week low of $21.17 and are now trading 11% above that low price at $23.51 per share. 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 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