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TMCNet:  Juniper Networks (JNPR) Crosses Pivot Point Support at $19.50

[December 28, 2012]

Juniper Networks (JNPR) Crosses Pivot Point Support at $19.50

Dec 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Juniper Networks (NASDAQ:JNPR) have bearishly opened below the pivot of $19.72 today and have reached the first support level of $19.50. Investors may be interested in a cross of the next downside pivot targets of $19.20 and $18.68.

Based on a current price of $19.44, Juniper Networks is currently 1.6% above its average consensus analyst price target of $19.12. The stock should find initial support at its 200-day moving average (MA) of $18.19 and further support at its 50-day MA of $17.98.

Over the past year, Juniper Networks has traded in a range of $14.01 to $33.11 and is now at $19.44, 39% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Juniper Networks on December 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.72. Since that recommendation, shares of Juniper Networks have risen 5.7%. We continue to monitor JNPR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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