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Juniper Networks (JNPR) PriceWatch Alert Shows Bullish TechnicalsThursday, July 23, 2009 8:07 AM EDT Juniper Networks (NasdaqNM: JNPR) closed yesterday at $25.50.

So far the stock has hit a 52-week low of $12.43 and 52-week high of $27.65.

Juniper Networks stock has been showing support around 24.62 and resistance in the 26.46 range.

Technical indicators for the stock are Bullish and S&P gives JNPR a neutral 3 STAR (out of 5) hold rating.

JNPR appears on the Investors Observer Volume Leaders list.

For a hedged play on this stock, look at a Jan '10 24 covered call (JUX AS) for a net debit in the $21.60 area.

That is also the break even stock price for this trade.

This covered call has a 177 day duration, provides 15.29% downside protection and an 11.11% assigned return rate for a 22.91% annualized return rate (comparison purposes only).

A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase.

To use this strategy look at going long the JNPR Jan '11 12.50 Call (VWQ AM) and selling the Jan '10 24 call (JUX AS) for a $9.95 debit.

The trade has a 177 day life and would provide 11.96% downside protection and a 15.58% assigned return rate for a 32.00% annualized return rate (for comparison purposes only).

Juniper Networks does not pay dividends at this time.

[For more information on these strategies along with more details on possible risks go to]Click Symbol For More News On: (JNPR)
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