Stock Picks For Friday: Juniper Networks And Level 3 Communications

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Stock Picks For Friday: Juniper Networks And Level 3 Communications

By Antonio Costa on September 11, 2009 | More Posts By Antonio Costa | Author's Website

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Level 3 Communications (LVLT) made a strong upside reversal today. The technical daily chart shows this is just the beginning of the rally as K line is now on top of D line. Although the stock is still weak as MACD is below 0 and the stock is below 50 day moving average, if LVLT can go up a few more days it will be back to bull market. There could be good upside in LVLT so watch the stock closely on Friday.

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Juniper Networks (JNPR) moved with the tech rally on Thursday, as the stock closed up $.41 for the day. I’m watching JNPR on Friday, waiting for the stock to break July’s high of $26.97. Once the stock breaks through this high, we should see a strong upside move. This trade could have big upside, but it will be very volatile. JNPR will move quickly, so be ready for this move.

Other Stocks to Watch :

MNDO - MIND C.T.I., Ltd. ( Price Break Out )
INHX - Inhibitex Inc. ( Price Break Out )
LONG - eLong Inc. ( Price Break Out )
SHFL - Shuffle Master Inc. ( Price Break Out )
SMP - Standard Motor Products Inc ( Price Break Out )
SWKS - Skyworks Solutions Inc. ( Price Break Out )
PXLW - Pixelworks Inc ( Price Break Out )
TIII - Tii Network Technologies, Inc ( Price Break Out )
PSDV - pSivida Corp. ( Price Break Out )
JBSS - John B Sanfilippo & Son Inc. ( Price Break Out )

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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