Here is how we are trading Juniper Networks ($JNPR) (March 25, 2022)

by DAN JNPR 
I want to look at Juniper Networks ( NYSE: JNPR ). This is stock that we bought on the breakout a couple of weeks ago. We are not up a lot, but we are up nicely. And the reason we are not up a lot is that, (1) we haven’t held the stock for that long and if you want a big profit you have got to hold for a big move, you’ve got to hold for a while.

But then the other one is, this just isn’t really that volatile, it is just coming out of this symmetrical triangle. Really, really nice volume on the days; one of the big reasons why I wanted to take this stock. And now we’ve got another one, this was last Friday, which you would expect, options x, and this Friday is another nice volume day.

If we look at the weekly chart, this is one of the things that I really like to see because this stock now has broken out to a new high. I think it used to be higher years ago, yes definitely, I remember that. That’s when all the geniuses here were turned into all the dunces there. On the weekly chart, this is looking strong too. It is out of a nice base that has lasted about 4 months or so.

Here’s the thing, I wouldn’t buy this stock right now but I would absolutely watch it. This is probably even going a bit higher, with this kind of momentum. We could see it run up a bit more. I just think it’s risky to buy it there, though if you want to, hey man, we’re still going to be in it. But I would probably want to wait for a safer entry, which would be a little bit of a pullback.

Anyway, this is how we are trading stocks now. We have to adjust our entries, we have to adjust our trades according to what the market is giving us, as long as they are not too far off what our edge is.

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