ANET
ANET is good demand zone wekly /Daily 214.3-204ANET is good demand zone wekly /Daily 214.3-204
cmp 213.26 14 Aug 2020 price is within the zone
Pro:
1. coinciding level weekly & daily
2.Origin of the long rally
Con:
1.SPY is at the all time high level, so it may reverse anytime soon. So , be cautious in long call
ANET - Pay AttentionAll, I think alerts should be set on this one this could be a trend reversal with all the support below if not possible drop to 190's or mid 180's then to bounce back up and break that line. I do see a possibly trend reversal coming up here in next week or two. Set some alerts to break below 183ish or break above 216-217 area. I would be very careful trying to buy put options here seeing as some of these supports are big ones.
Patience on this stock and I think you could get some big returns if the call option is placed correctly.
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
$ANET Bullish - Buy Zone$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, Arista Networks Inc. 10%+ Upside ANET
Trend/resistance line: Was stuck in a descending triangle (both on weekly and daily charts), recently broke out with volume and looking to fill the drop made after February correction.
Moving Averages(20/50): On the daily chart we can see a daily 20/50 cross giving a short-term bullish signal. More interesting is the 50ma cross over the price on 6/1/2018, and the positive price action afterward, again showing bullish sentiment for the upcoming days/weeks. There is a similar signal on the weekly chart with the 20ma/price.
RSI(14): Currently on the rise signaling increasing amounts of volume and increased momentum, vital after the chart breakout.
MACD (12, 26, close): Currently turning up on the weekly chart, looking to cross in the near future. MACD has already shown bullish on daily charts, which is what pushed the stock out of the descending wedge.
FIB Lines: Shown on the chart with the variety of colors, Possible consolidation in-between the 38 and 61% retracements (yellow). Have a very loose stop around the black line, as it is a relatively weak support if you were comfortable with more risk, the red may be best. I expect the stock to at least retrace to past highs.
Current position 8 shares @ 263.00
ANET - Earnings play with possible H&S, $145 September PutsPossible Earnings Play. Insider selling as well as a break down with possible H&S. Reports after market Thursday August 3rd.
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- Possible H&S, Option play on earnings
Entry Target Criteria- Would look at $145 September Puts - Currently 10.10
Please check back for Trade updates. (Note: Trade update is little delayed here.)