Juniper Networks, Inc.(JNPR) is in an downtrend but momentum is showing some life

(29-Feb-2008) (29-Feb-2008) Juniper Networks, Inc.(JNPR) closed at 28.59, down -0.7 or -2.39 % today. Based on our analysis, Juniper Networks, Inc.(JNPR) is in an downtrend but momentum is showing some life.

The closing price of Juniper Networks, Inc.(JNPR) is below its 50 day moving average of 28.62 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Juniper Networks, Inc.(JNPR) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 8-Feb-2008, about 15 trading days ago.