LONG JNPR @ 38.85 -- oversoldRolling the proceeds of my 1 day CBOE trade into JNPR hoping for the same result. The system is 27-0 on JNPR since the beginning of 2024, but it has had a few long trades in that time.
I will be using my FPC exit (see my recent ideas for details if you aren't familiar). I will add lots at the close each day it stays oversold until I'm out of the trade completely.
Trade my ideas at your own risk. They are provided here as edutainment,not as advice. Please DYOR and only invest in ideas that fit your personal situation.
JNPR trade ideas
Juniper Networks (NYSE: $JNPR) Stock Movement
Juniper Networks, Inc. engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA.
Price Momentum
JNPR is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a negative sign for the stock's future value.
Short term bullish reversal - JNPRLet's understand multi timeframe analysis for NYSE:JNPR .
Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone).
Weekly TF -
Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence.
Daily TF -
Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence.
45 minutes TF -
Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure.
Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
Juniper Networks: A Rare Tech Sector Breakout?Most technology stocks remain well off their highs in 2022, but not Juniper Networks.
The maker of routers and switches closed at its highest level in almost 11 years last week. The breakout followed some interesting patterns that may anticipate a bigger move.
First, notice the three positive news events since early December. First, Jefferies issued an upgrade. Bank of America followed. Both cited increased capital spending on networks. Earnings and revenue then beat estimates thanks to strong demand.
JNPR proceeded to form a triangle as buyers defended the 100-day simple moving average (SMA). Prices broke out on March 17 and paused beneath the January high before crossing that line on Friday.
Finally, the consolidation since mid-November has occurred along the previous high from 2015. Notice how the $32.39 level was first resistance and more lately became support, which is potentially bullish.
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JNPR at resistance and targeting 41The chart shows NYSE:JNPR trying to breakthrough the resistance and targeting 41 price.
My plan is to buy In The Money (ITM) options contract , either naked call or spread call
Naked Call : 1st Apr $36 Call
Entry cost: $45.00
Maximum risk: $45.00 (at JNPR$36.00)
Maximum return: infinite (on upside)
Breakeven at expiry: $36.45
Probability of profit: 27.8%
Spread call (35 / 40)
Entry cost: $25.00
Maximum risk: $25.00 (at JNPR$35.00)
Maximum return: $475.00 (at JNPR$40.00)
Breakeven at expiry: $35.25
Probability of profit: 62.2%
12/12/21 JNPRJuniper Networks, Inc. ( NYSE:JNPR )
Sector: Technology Services (Information Technology Services)
Market Capitalization: 11.056B
Current Price: $34.00
Breakout price: $34.00 (hold above)
Buy Zone (Top/Bottom Range): $32.60-$30.70
Price Target: $39.20-$40.60
Estimated Duration to Target: 245-260d
Contract of Interest: $JNPR 1/20/23 35c
Trade price as of publish date: $3.90/contract
JNPR breakoutThis company is similar to Cisco but on a smaller scale . In a environment where most Growth stocks are trading 50+ PE ratio JNPR is actually trading at 26 which is lower than .
MSFT.
Broke out from underneath 9yr resistance last week , Retest that breakout and held firm.
Next target is 45$ which it could possibly reach by next summer. That's a 40% move.
Stop loss at 31$ support.
$JNPR broke out of the cup & handle$JNPR broke out of the cup & handle. If we break above current price, we have the chance of testing prior high of $27.35. If we don't hold this level, we may move back to $24.50. -Natalie Garces
Current Price: $25.84
Support: $25.32, $24.51, $24.03
Resistance: $26.29, $27.12, $27.35