ANET is hitting higher highs. I am predicting the next level it can hit is 349. There are few key levels below that can be used as stop losses just in case there are bumps in the up direction.
Arista Network has been a star.
I was unable to get in after earnings but got in today.
Earnings came in super strong and they also did share buyback recently. There was broad based growth in cloud, AI and enterprise business.
Today, the break out of 306 came in with decent volume.
My stop is below 300 and I personally believe this stock can do 2x from...
Reasons for bullish bias:
- Entry at HH breakout(DOW)
- Price bounce from trendline
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 313.85
Stop Loss Level: 283.76
Take Profit Level 1: 343.94
Take Profit Level 2: 363.20
Take Profit Level 3: Open
5/7/24 - vrockstar - simply too expensive in this tape even for a beat. will need to smash for stock to go higher. i'll be shorting any pop/ regarless of the print. i'll save the space and not explain why it's a short/ and i'm not shorting - but i'd stay away at best and if you own it, consider trimming > 10x sales sub 2.5% fcf yield, more epensive on PE than mag...
Bullish on ANET for a pre-earnings run up. Breakout level = 297 . I am buying any dip over the next day or so in the 284-287 range (buy zone). If it breaks above 297 I'll chase.
*Initial target range = 306-313 by 4/19
**Goal Target = 335 by 4/26
- Stop Loss = sustained break below 285, if this occurs it will form a "spring" in its re-accumulation phase in the...
Arista Networks ( NYSE:ANET ), a prominent player in cloud networking solutions, recently reported its fourth-quarter earnings, surpassing profit expectations but issuing a lukewarm forecast for the upcoming quarter. Despite strong revenue growth driven by robust demand from tech giants like Microsoft and Meta Platforms, Arista's ( NYSE:ANET ) shares took a hit...
Analyzing the options chain and the chart patterns of ANET Arista Networks prior to the earnings report this week,
I would consider purchasing the 280usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $18.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As we approach the all time highs on Arista Networks, technically the price has been in the range of upside since 2023, and looks gain more traction as we approach a key moment for the future of ANET. This sector, electronic tech sector should continue to gain traction so long as the markets sentiment around tech stocks, semiconductor equities continue to rise. ...
ANET is fundamentally looking like a very strong stock
Analysts ratings are a strong buy even at this price
yes this price :)
Currently its earnings are coming soon 12 Feb which could mean a two way movement
At the moment it has broken its own bullish channel and looks like it has room to run more then 300+
stop loss @ 243
NYSE:ANET from Market Smith, it touch the 50% Fib retracement and now is at 62%, volume is lower but it might be due to the season. but the uptrend still strong.
After breaking above the channel and successfully retesting the upper trend lines I'm expecting the price to continue higher backed by positive analyst expectations.
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Fundamentals :
ANET is lacking in one important parameter in my checklist; that is, sales acceleration. Three year earnings growth rate is strong. A growing number of funds are adding this stock to there portfolios. It is not the best stock that I would like to own fundamentally, but it is a good stock to invest in. So, I will gradually add to it in smaller...
ANET is in a strong trend and is potentially pulling back to price based support levels.
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low...
NYSE:ANET showing a flag pattern here with solid institutional volume after its power earnings move earlier this month. When volume dries up on a decreasing ATR, a potential breakout is very probable. We are targeting $203.
Holding above its recent breakout and showing uptrending RS line against the market.
Nice pivot right on top of its 50 moving average line.
Top notch fundamentals as well.
