When the Price of (ANET) Talks, People Listen

May 09, 2024, 03:56 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ANET

• Buy ANET slightly over 290.26 target 314.57 stop loss @ 289.42 Details

The technical summary data tells us to buy ANET near 290.26 with an upside target of 314.57. This data also tells us to set a stop loss @ 289.42 to protect against excessive loss in case the stock begins to move against the trade. 290.26 is the first level of support below 291.67 , and by rule, any test of support is a buy signal. In this case, support 290.26 is being tested, a buy signal would exist.

• Short ANET slightly under 314.57, target 290.26, stop loss @ 315.48 Details

The technical summary data is suggesting a short of ANET as it gets near 314.57 with a downside target of 290.26. We should have a stop loss in place at 315.48though. 314.57 is the first level of resistance above 291.67, and by rule, any test of resistance is a short signal. In this case, if resistance 314.57 is being tested, a short signal would exist.

Swing Trading Plans for ANET

• Buy ANET slightly over 314.57, target n/a, Stop Loss @ 313.66 Details

If 314.57 begins to break higher, the technical summary data tells us to buy ANET just slightly over 314.57, with an upside target of n/a. The data also tells us to set a stop loss @ 313.66 in case the stock turns against the trade. 314.57 is the first level of resistance above 291.67, and by rule, any break above resistance is a buy signal. In this case, 314.57, 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 314.57, target 290.26, Stop Loss @ 315.48. Details

The technical summary data is suggesting a short of ANET if it tests 314.57 with a downside target of 290.26. We should have a stop loss in place at 315.48 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, 314.57, 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 297.39, target 314.57, Stop Loss @ 296.7 Details

If 297.39 begins to break higher, the technical summary data tells us to buy ANET just slightly over 297.39, with an upside target of 314.57. The data also tells us to set a stop loss @ 296.7 in case the stock turns against the trade. 297.39 is the first level of resistance above 291.67, and by rule, any break above resistance is a buy signal. In this case, 297.39, 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 297.39, target 290.26, Stop Loss @ 298.08. Details

The technical summary data is suggesting a short of ANET if it tests 297.39 with a downside target of 290.26. We should have a stop loss in place at 298.08 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, 297.39, 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 May 09:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	266.18
P2	285.81	273.84	290.26
P3	297.39	290.22	314.57

AI Generated Signals for ANET

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Arista Networks Inc. (NASDAQ: ANET) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ANET can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.