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Juniper Networks(JNPR - Get Report) designs, develops, and sells products and services that together provide its customers with network infrastructure. This stock is trading up 3.9% at $18.00 in recent trading.
Today's Volume: 20 million
Average Volume: 8.6 million
Volume % Change: 229%
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From a technical perspective, JNPR is gapping higher here back above its 50-day moving average at $17.93 and right up to its 200-day moving average of $19.18 with monster upside volume. At last check, JNPR has hit an intraday high of $19.22 but subsequently pulled back to its current price around $18.
Traders should now look for long-biased trades in JNPR as long as its trending above its 200-day, and then once it triggers a near-term breakout above some resistance at $20. Look for a sustained move or close above $19.18 to $20 with volume that hits near or above 8.6 million shares. If that breakout triggers soon, then JNPR will setup to re-test or possibly take out its next major overhead resistance levels at $22 to $23 and then $24 to $25.
To see more stocks rising on unusual volume, check out the
Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.