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ARISTA NETWORKS INCARISTA NETWORKS INCARISTA NETWORKS INC

ARISTA NETWORKS INC

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ANET trade ideas

Arista Networks | ANET | Short to SupportArista Networks ( NYSE:ANET ) with a head and shoulders pattern and large gap to fill below. Insiders continue to dump shares. In the past two months, they sold $132 million worth - $75 million of this total just in the first 7 days of March (source: OpenInsider). P/E 45.80x With the Federal Reserve meeting and OpEx next week, this may gap fill and retest support in the coming weeks. The 200 EMA (green line) served as support in February, but $100-$105 may be the true areas it wishes to test. A complete breakdown could put this at $90. However, if it breaks the white resistance line in the near-term, it'll need to soar through $131 to show a true reversal.
NYSE:ANETShort
by NicksAnalysis
ANET | ForecastJournal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Brave🗽 Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: .. Position: Short term swing trade. Notes: I'm anticipating an earnings surprise. Other: .. Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly. About the Author: I strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. "Please remember to comment, like, share, and follow me!" About the Security: "Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System (EOS), a set of network applications and Ethernet switching, and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA."
NYSE:ANETLong
by UnknownUnicorn28743597
$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