When Arista Networks Inc. ($ANET) Moves Investors should Listen

November 21, 2023, 15:30 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ANET

• Buy ANET slightly over 200.27 target 218.73 stop loss @ 199.69 Details

The technical summary data tells us to buy ANET near 200.27 with an upside target of 218.73. This data also tells us to set a stop loss @ 199.69 to protect against excessive loss in case the stock begins to move against the trade. 200.27 is the first level of support below 216.21 , and by rule, any test of support is a buy signal. In this case, support 200.27 is being tested, a buy signal would exist.

• Short ANET slightly under 218.73, target 200.27, stop loss @ 219.36 Details

The technical summary data is suggesting a short of ANET as it gets near 218.73 with a downside target of 200.27. We should have a stop loss in place at 219.36though. 218.73 is the first level of resistance above 216.21, and by rule, any test of resistance is a short signal. In this case, if resistance 218.73 is being tested, a short signal would exist.

Swing Trading Plans for ANET

• Buy ANET slightly over 217.59, target 218.73, Stop Loss @ 216.96 Details

If 217.59 begins to break higher, the technical summary data tells us to buy ANET just slightly over 217.59, with an upside target of 218.73. The data also tells us to set a stop loss @ 216.96 in case the stock turns against the trade. 217.59 is the first level of resistance above 216.21, and by rule, any break above resistance is a buy signal. In this case, 217.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANET slightly near 217.59, target 211.56, Stop Loss @ 218.22. Details

The technical summary data is suggesting a short of ANET if it tests 217.59 with a downside target of 211.56. We should have a stop loss in place at 218.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 217.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ANET

• Buy ANET slightly over 217.59, target 218.73, Stop Loss @ 217.08 Details

If 217.59 begins to break higher, the technical summary data tells us to buy ANET just slightly over 217.59, with an upside target of 218.73. The data also tells us to set a stop loss @ 217.08 in case the stock turns against the trade. 217.59 is the first level of resistance above 216.21, and by rule, any break above resistance is a buy signal. In this case, 217.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANET slightly near 217.59, target 215.93, Stop Loss @ 218.1. Details

The technical summary data is suggesting a short of ANET if it tests 217.59 with a downside target of 215.93. We should have a stop loss in place at 218.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 217.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Arista Networks Inc. (ANET) available here: ANET.

ANET Ratings for November 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	180.58
P2	213.15	211.56	200.27
P3	215.93	217.59	218.73

AI Generated Signals for ANET

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Arista Networks Inc. (NASDAQ: ANET) report below is a real world example. Included are trading plans for ANET, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.