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Look for Shares of Juniper Networks to Potentially Pullback after Yesterday's 1.10% Rise

By Shiri Gupta

Juniper Networks (NYSE:JNPR) traded in a range yesterday that spanned from a low of $26.75 to a high of $26.79. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $26.62 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $23.61 to $30.80 and is now at $26.75, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders Juniper Networks

Ticker(s): JNPR