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ARISTA NETWORKS, INCARISTA NETWORKS, INCARISTA NETWORKS, INC

ARISTA NETWORKS, INC

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ANET trade ideas

$ANET is a clear leader, does still has room to go?Arista Networks NYSE:ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments. According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to AMEX:IYZ , an ETF concentrated in telecommunications and NYSE:ANET is leading the sector. IBD gives a Relative Strength Rating of 86 against the market. So, the stock broke out of a large base in November of 2020 and at that moment its Price/Earnings Ratio was at 30 something. Then on the 2nd quarter broke out of a "cup and handle" and now is breaking out of a flag pattern; this is a very good continuation pattern. The thing is that its PE Ratio is nearing 50, so it has increased a lot since it broke out from its frist base. This could mean that it may not have a lot of room to go. As for today, the buying volume is not above average so I would wait for more confrimation signals. Still is a stock to watch very closelly.
NYSE:ANET
by dpuleo19
Cup and HandleLong term high 331.27 and I would guess there will be resistance there and at prior high of 326.60 as well. Support at mid cup (MC) and handle low. Possible support at lower shadow of the long legged doji (LL) Earnings yesterday and must have been received well. Targets calculated using cup depth and multiplied by fib levels. As of late I have been staying more aware of prior tops and trying to be sure price gets by it. (o: There is an unfilled gap in the last cup and handle pattern. It appears to be a break-away gap which may or may not ever fill. In the case of a drastic pull back, it would be strong support. No recommendation. This is not to long entry level today.
NYSE:ANETLong
by lauralea
4
$ANET can rise in the next daysContextual immersion trading strategy idea. Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $228,25; stop-loss — $219,70. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:ANETLong
by KozakHlib