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Chart of the Day – Juniper Networks (JNPR)

Now at three-year highs, traders may want to exit soon


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

Following a bad earnings report from Cisco Systems, Inc. (NASDAQ: CSCO), 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.

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