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Tuesday, May 2, 2017

ALERT: StockTrade idea Juniper Networks (JNPR)

It is earnings season again and we are pointing our Trade Idea to focus only on stocks that have had earnings already and are making new 52 week highs.  Patience is a virtue in trading and letting the price action come to you can often times be the best way to establish an entry point that has more staying power.  JNPR has broken out, but we would like to buy it on our terms; using a more conservative entry rather than simply chasing new highs after a nice 3 day breakout, for this weeks Stock trade idea.
image of JNPR stock trade idea chart
For the Stock Trade Idea of the Week to be considered live this week, JNPR needs to pull back to 29.21, This is a level that served as a prior resistance point and can now serve as a future support area. The suggested stop will be under the recent channel at 27.41. As always, use just enough shares to withstand a move below 27.40 to manage your own personal risk.  

Happy Investing All!...

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