Juniper Networks (JNPR) is making waves because its StockCharts Technical Rank (SCTR) surged above 80 with one of the biggest SCTR gains among large-caps. Chartists can access the SCTR tables in the lower half of the home page. Click on "top up" to find the biggest SCTR gainers and "top down" to find the losers. On the price chart, JNPR broke resistance with a big surge from November to January and then corrected with a falling channel over the last three months. A break above channel resistance would reverse the three-month downtrend and signal a continuation of the prior advance.
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Below is a screen shot from the SCTR tables.
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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