ANET trade ideas
$ANET Option traders buying $362 call options for MAY 3rdSince our last analysis on ANE,T there has been some selling but the major support level has held. We love the stock but we were and remain to be worried about the indicators signalling further selling. Earnings are today so we will play it long depending on the market sentiment, if support breaks today we will possible wait to long after earnings for a chance of better entry. This stock is just n the early stages so there will be plenty of opportunity in the future.
stock looks tired...Looks to be reversing off a three drives here and the upper bounds of the large alternate bearish bat. Probably going to see some profit taking here going into its earnings.
ANET: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$ANET Nice short opportunityArista Networks has had a 60% move from December lows, it looks to have run to far to fast and the sellers have banked large profits. All indicators are pointing to further declines.
risky longLooks to be 2 inv H&S patterns in play, one w/ a conservative target of the ATH at 313. The more aggressive around 340+. This whole pattern is also a bearish bat/shark both with the same PRZ from 300-330. A move above 330 invalidates both bearish harmonic patterns. I'd long anything above that purple line. But careful here as RSI is currently diverging on daily and any move below the purple line implies a retrace to 265 and this becomes a clear short.
$ANET Overbought at Resistance - Sept Gap Closed$ANET Overbought at Resistance - Sept Gap Closed
See chart for near and medium term targets
Note: Informational analysis, not investment advice
ANET breaking outArista Networks (NYSE: ANET) has a habit of beating expectations on both the top and bottom lines, having done so in each of the past three earnings reports. The company has achieved this with impressive revenue growth, increasing sales by 41%, 28%, and 29% for the first, second, and third quarters, respectively.
You wouldn't know it by the stock price, however, which ended 2018 on a sour note, losing all its gains and falling 10% for the year, versus a 6% decline for the S&P 500. This was largely the result of the year-end correction that was especially brutal on technology stocks, and fears about the company's slowing growth rate.
The cloud networking-solutions provider will have another opportunity to impress investors, as the company is scheduled to report the financial results of its fourth quarter after the market close on Thursday, Feb. 14. Let's recap Arista Networks' third-quarter results for any insight into what investors can expect in the next earnings report.
Danny Vena, The Motley Fool
,Motley Fool•February 11, 2019
ANET Updatefollowing my previous posts ANET bounced multiple times off of the green box, however this looks like it may soon become resistance.
Staying neutral.
ANET LONGThis is a simple trade for Arista Networks.
The price has been going down sharply for a little now and it seems to have bounced nicely of some long term support.
Assuming the market stabilizes this could be a good opportunity.
Worth ToWe are struggling around the cloud very close to a support. If this would be broken, the of course...
$ANET Bullish - Buy Zone$ANET Arista Networks was in the process of breaking out of a long term bullish pennant pattern just before it was announced they were adding it to the S&P 500...with that came a volatile couple weeks.
The attention seems to have cooled off and we're finding support back at the lower trend line. Fundamentally, this company has consistently put together a solid string of earnings beats over the last two years plus. I'm expecting the stock to easily be back above $300 by next earnings report early November.
Target - $310 by Nov
Note: Informational analysis, not investment advice.
ANET LongTicket : ANET
Entry: 298 to 300
Stop Loss : 260 ishh
Profit : 400 +
Holding Period : 6 to 12 Months
Long-term Trade -> Positive Growth plus Good news back to back will drag steady institutional money flow in future.
Long $ANET from ~271Stop: close below $254
Target1: $358
Target2: $435
Timeframe: 3-6 months
Add on pivot, use 50ema for trailing stop if initial buy works
