Arista 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).
With the Federal Reserve meeting and OpEx next week, this may gap fill and retest...
$ANET sliced through the series of VWAPs highlighted earlier, at the back of 5 consecutive sessions of higher close. also trading outside of its 4 months DTL.
currently just trading beneath the $134 major pivot, its last key resistance level. looking prime for a takeoff.
$ANET display a rare behavior you could find, resilient to months of market weakness frm its previous ER gap up (Q3) in Nov'21.
a siew of recent VWAPs have coincide to resist $ANET at $128 last week. actionable on VWAP breakout
Q4'21 ER YoY
EPS 0.82 (+32%)
Sales 784mil (+15%)
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...
ANET is good demand zone wekly /Daily 214.3-204
cmp 213.26 14 Aug 2020 price is within the zone
1. coinciding level weekly & daily
2.Origin of the long rally
1.SPY is at the all time high level, so it may reverse anytime soon. So , be cautious in long call
All, 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...
Arista 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,...