This Networking Gear Stock Was Crushed On Earnings: Here's The Trade
InTheMoneyStocks.com | Feb 04, 2019 04:09PM ET
Juniper Networks (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 percent after reporting earnings that obviously did not impress the street. On Monday, JNPR stock was 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, which is generally viewed as a negative for the stock in the near term.h3 Support Watch/h3
The next important support level that I'm watching is the $24 area. That's where Juniper Networks was defended in April 2018. Often, prior support levels will serve as solid support again when initially retested.
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