Look for nice movement in this $JNPR to break out of the Inverse H&S pattern to move up to the previous high $27.50.
Potential target: $27.50
Stop-loss: 20EMA
$JNPR broke out of the cup & handle. If we break above current price, we have the chance of testing prior high of $27.35. If we don't hold this level, we may move back to $24.50. -Natalie Garces
Current Price: $25.84
Support: $25.32, $24.51, $24.03
Resistance: $26.29, $27.12, $27.35
Intel earnings have created a change in sentiment, the positive commentary on Data center spending was surprising,Juniper competitor ANET reported a major cut in spending in its last report so maybe the tides are turning.
The stock is making a series of higher lows and higher highs.
RSI and Stochastic are rising.
Wise entry would be on break from the current...
Juniper Networks, Inc. engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA.
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