Stock Picks And Trade Ideas For Friday - CNQR, JNPR, CSCO

Chart courtesy of stockcharts ( click to enlarge )

Cisco (CSCO) - The stock is making low highs and lower lows since beg October, even though there has been a nice bounce today, this no means that a reversal might occur. Technicals are oversold and remain neutral to bearish signaling sideways to lower prices in the near term. The stock needs to cross and close above its 20-day moving average at $17.48 to turn the trend bullish. Keep an eye on Cisco for a possible reversal.

Chart courtesy of stockcharts ( click to enlarge )

Juniper Networks (JNPR) - The daily chart shows that the stock made a new low for the year today at $14.20. Technicals are oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above $17.73 ( 20-day moving average ) will confirm the short term low for the stock. I’m looking for a good trade if the prices close above this level. In the short-term expect a push to $17 promptly. Failure would prompt downward support in $16 range, then $15.27.

Chart courtesy of stockcharts ( click to enlarge )

Concur Technologies (CNQR) - The stock broke down trendline resistance with good volume over the last two days. For now, expect a run up to next resistance area around $26. If the stock is able to cross it and sustain above it, then it might go to $32.78. Support lies around $23.93.

Disclaimer: Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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