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Juniper Networks, Inc. (NYSE:JNPR) broke the uptrend-line


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#1 Costa

Costa

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Posted 17 August 2013 - 02:33 AM

Juniper Networks, Inc. (NYSE:JNPR) broke the uptrend-line in place since April by a good amount of selling and MACD formed a lower low. Technicals are bearish. The near‐term risk for stock is a test down through the psychological level of 20, followed by the 200-day EMA at 19.44. On the other hand, resistance levels are seen at the 9-day EMA line at 20.99 and then at 21.20.

Here are some picks for the next few days

Have a great weekend folks !!

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Edited by Costa, 17 August 2013 - 02:36 AM.

Costa
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#2 xe2dy

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Posted 17 August 2013 - 11:46 AM

Costa, thank you for these TA ideas!