Trading (ANET) With Integrated Risk Controls

September 17, 2024, 15:14 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ANET

• Buy ANET near 360.1 target 391.4 stop loss @ 359.06 Details

The technical summary data tells us to buy ANET near 360.1 with an upside target of 391.4. This data also tells us to set a stop loss @ 359.06 to protect against excessive loss in case the stock begins to move against the trade. 360.1 is the first level of support below 362.015 , and by rule, any test of support is a buy signal. In this case, support 360.1 is being tested, a buy signal would exist.

• Short ANET slightly under 391.4, target 360.1, stop loss @ 392.53 Details

The technical summary data is suggesting a short of ANET as it gets near 391.4 with a downside target of 360.1. We should have a stop loss in place at 392.53though. 391.4 is the first level of resistance above 362.015, and by rule, any test of resistance is a short signal. In this case, if resistance 391.4 is being tested, a short signal would exist.

Swing Trading Plans for ANET

• Buy ANET slightly over 391.4, target n/a, Stop Loss @ 390.27 Details

If 391.4 begins to break higher, the technical summary data tells us to buy ANET just slightly over 391.4, with an upside target of n/a. The data also tells us to set a stop loss @ 390.27 in case the stock turns against the trade. 391.4 is the first level of resistance above 362.015, and by rule, any break above resistance is a buy signal. In this case, 391.4, 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 391.4, target 360.97, Stop Loss @ 392.53. Details

The technical summary data is suggesting a short of ANET if it tests 391.4 with a downside target of 360.97. We should have a stop loss in place at 392.53 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, 391.4, 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 362.07, target 374.64, Stop Loss @ 361.23 Details

If 362.07 begins to break higher, the technical summary data tells us to buy ANET just slightly over 362.07, with an upside target of 374.64. The data also tells us to set a stop loss @ 361.23 in case the stock turns against the trade. 362.07 is the first level of resistance above 362.015, and by rule, any break above resistance is a buy signal. In this case, 362.07, 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 362.07, target 360.97, Stop Loss @ 362.91. Details

The technical summary data is suggesting a short of ANET if it tests 362.07 with a downside target of 360.97. We should have a stop loss in place at 362.91 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, 362.07, 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 September 17:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	326.77
P2	362.07	330.99	360.1
P3	374.64	360.97	391.4

AI Generated Signals for ANET

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