ANET trade ideas
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
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
