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After Yesterday's Rally of 1.63% Shares Could Potentially Pullback

By Nick Russo

Juniper Networks (NYSE:JNPR) traded in a range yesterday that spanned from a low of $27.81 to a high of $28.34. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $28.16 on volume of 2.4 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, Juniper Networks share prices have been bracketed by a low of $21.18 and a high of $30.96 and are now at $28.24, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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 4.3%. We continue to monitor JNPR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Juniper Networks

Ticker(s): JNPR