AI
Monday, February 04, 2019 12:08:34 PM
The Leading Networking Gear Stock Was Crushed After Earnings, Here's The Trade $JNPR
Juniper Networks Inc (NYSE:JNPR) is a leading provider and developer of networking gear such as routers, switches and software. Last week, the stock was crushed lower by more than 11.0 percent after reporting earnings that obviously did not impress the street. Today, JNPR stock is trading at $25.84 a share. It is also important to note that the stock is now trading below its important 200-week moving average, this is generally viewed as a negative for the stock in the near term. The next important support level that I will be watching is the $24.00 area. This is where JNPR stock was defended in April 2018. Often, prior support levels will serve as solid support again when initially retested.
Nick Santiago
InTheMoneyStocks
Juniper Networks Inc (NYSE:JNPR) is a leading provider and developer of networking gear such as routers, switches and software. Last week, the stock was crushed lower by more than 11.0 percent after reporting earnings that obviously did not impress the street. Today, JNPR stock is trading at $25.84 a share. It is also important to note that the stock is now trading below its important 200-week moving average, this is generally viewed as a negative for the stock in the near term. The next important support level that I will be watching is the $24.00 area. This is where JNPR stock was defended in April 2018. Often, prior support levels will serve as solid support again when initially retested.
Nick Santiago
InTheMoneyStocks
