Chart of the Day – Juniper Networks (JNPR)

by John Lansing | November 15, 2010 10:37 am

Today’s chart of the day is a recap of Juniper Networks, Inc. (NYSE: JNPR[1]).

Following a bad earnings report from Cisco Systems, Inc. (NASDAQ: CSCO[2]), JNPR sold off, and we recommended JNPR $35 strike options. Those options are up 250% from Thursday morning.

JNPR is trading at three-year highs, and the chart is still bullish, but traders will want to exit at $37.95.

Endnotes:
  1. JNPR: http://studio-5.financialcontent.com/investplace/quote?Symbol=JNPR
  2. CSCO: http://studio-5.financialcontent.com/investplace/quote?Symbol=CSCO

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