TMCnet News
Upgrade Alert for Juniper Networks (JNPR)Apr 08, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Juniper Networks (NASDAQ:JNPR) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $17.55 on volume of 13.0 million shares, above average daily volume of 6.7 million. Potential upside of 31.4% exists for Juniper Networks, based on a current level of $17.55 and analysts' average consensus price target of $23.05. The stock should run into initial resistance at its 200-day moving average (MA) of $18.52 and subsequent resistance at its 50-day MA of $20.61. In the past 52 weeks, Juniper Networks share prices have been bracketed by a low of $14.01 and a high of $33.11 and closed yesterday at $17.55, 25% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 1.51% lower over the past week, respectively. Juniper Networks, Inc. provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that includes IP routing, Ethernet switching, security and application acceleration solutions. SmarTrend recommended that its subscribers protect gains by selling shares of Juniper Networks on February 26th, 2013 by issuing a Downtrend alert when the shares were trading at $20.55. Since that call, shares of Juniper Networks have fallen 14.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |