Transforming Network Infrastructure Industry News

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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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