Juniper Networks (JNPR) Trades Lower After Hitting New 52 Week High
Posted: Thursday, March 11, 2010 2:55 PM EDT
By: Market Intelligence Center Staff
Juniper Networks (NYSE: JNPR) hit a new 52-Week high of $30.90 so far today. Currently the stock is down $0.11 (-0.36%) to $30.28 on 4,657,470 shares traded. Today's high is up $16.72 from a 52-Week Low of $13.56. Juniper Networks stock has been showing support around $29.41 and resistance in the $30.97 range. Technical indicators for the stock are neutral and S&P gives JNPR a neutral 3 STARS (out of 5) hold ranking. Juniper is trading in the red this afternoon after rising to a new 52 week high earlier in the day. If you are looking for a hedged play on JNPR the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 23 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Juniper Networks (JNPR) Stock ReportSee what our analysts have uncovered about Juniper Networks (JNPR).