JUNIPER NETWORKS INC. Stock Code JNPR.NYS
Outlook
Price reached a high of $29.10 and this was followed by a price correction. The price correction managed to stay above the cloud keeping the uptrend intact. In the previous trading session, price broke above a recent consolidation high, creating a gap, hinting of a possible reversal in trend to the price correction. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend in place. MACD is bullish with both its lines about to experience a bullish crossover, hinting of a bullish price trend head. If price is able to hold above $26.80, it could be heading towards the previous high at $29.10 in the next 2-3 weeks ahead.
Strategy
$27.60 Buy
$29.10 Price Target
$26.60 Risk Management Stop
3 weeks Trade Duration
