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Juniper Networks Falls 1.15% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Juniper Networks (NYSE:JNPR) traded in a range yesterday that spanned from a low of $26.49 to a high of $27.17. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $26.68 on volume of 736,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Juniper Networks has traded in a range of $24.51 to $30.80 and is now at $26.56, 8% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders Juniper Networks

Ticker(s): JNPR