Candlesticks - Bearish Engulfing Juniper Networks

New York, December 15th (

) - Shares of Juniper Networks

ended the trading session higher lower by 1.5% after Nomura initiated its coverage with a Neutral. Juniper's price action formed what is considered to be a bearish engulfing

chart pattern. Juniper Networks' current stock range is defined by calculated support defined at $18.26 and by the resistance level at $23.71, which should be used by traders planning their moves. Traders wanting to establish a position in Juniper Networks or traders that are already holding the stock need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal to current price action. The Bearish engulfing pattern is a leading warning sign for a trend reversal to occur. Juniper Networks, Inc.

provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that include IP routing, Ethernet switching, security and application acceleration solutions. The bearish engulfing pattern is a leading indicator that provides an alert to traders that the current trend is about to reverse. Below an Engulfing Bearish Candle Illustration: