Juniper (JNPR) is down for the year, but On Balance Volume (OBV) is up so far in 2010. Joe Granville, creator of OBV, postulated that volume precedes price. This simple indicator broke resistance with a surge in early February. The stock is also showing signs of life with a little triangle breakout yesterday.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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