JUNIPER NETWORKS
(JNPR-NYSE):
Technical Viewpoint: From a low
of $25.00 on Aug 12, 2010 prices
rallied, reaching a
high of $32.84
on Oct 5, 2010. A
decline saw prices pull back, reaching a
low of
$30.34 on Oct 19, 2010.
Another rally saw prices penetrate
resistance, closing 11/12/10
at $35.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 5, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 3, 2010. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! JUNIPER NETWORKS
(JNPR-NYSE) @ $36.13 Stop: Use a protective stop of $34.13.
JUNIPER NETWORKS is currently trading @ $35.81 plus $1.28 on Nov 12, 2010. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $13.37. Today's Risk Reward Ratio: 7:1
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