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Watch for Juniper Networks to Potentially Pullback After Gaining 1.10% Yesterday

By Amy Schwartz

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.

In the past 52 weeks, shares of Juniper Networks have traded between a low of $23.61 and a high of $30.80 and are now at $26.75, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.06% lower over the past week, respectively.

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