When (ANET) Moves Investors should Listen

August 22, 2024, 08:18 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ANET

• Buy ANET slightly over 349.47 target 380.39 stop loss @ 348.46 Details

The technical summary data tells us to buy ANET near 349.47 with an upside target of 380.39. This data also tells us to set a stop loss @ 348.46 to protect against excessive loss in case the stock begins to move against the trade. 349.47 is the first level of support below 359 , and by rule, any test of support is a buy signal. In this case, support 349.47 is being tested, a buy signal would exist.

• Short ANET slightly under 380.39, target 349.47, stop loss @ 381.49 Details

The technical summary data is suggesting a short of ANET as it gets near 380.39 with a downside target of 349.47. We should have a stop loss in place at 381.49though. 380.39 is the first level of resistance above 359, and by rule, any test of resistance is a short signal. In this case, if resistance 380.39 is being tested, a short signal would exist.

Swing Trading Plans for ANET

• Buy ANET slightly over 366.01, target 380.39, Stop Loss @ 364.95 Details

If 366.01 begins to break higher, the technical summary data tells us to buy ANET just slightly over 366.01, with an upside target of 380.39. The data also tells us to set a stop loss @ 364.95 in case the stock turns against the trade. 366.01 is the first level of resistance above 359, and by rule, any break above resistance is a buy signal. In this case, 366.01, 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 366.01, target 354.88, Stop Loss @ 367.07. Details

The technical summary data is suggesting a short of ANET if it tests 366.01 with a downside target of 354.88. We should have a stop loss in place at 367.07 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, 366.01, 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 366.01, target 380.39, Stop Loss @ 365.16 Details

If 366.01 begins to break higher, the technical summary data tells us to buy ANET just slightly over 366.01, with an upside target of 380.39. The data also tells us to set a stop loss @ 365.16 in case the stock turns against the trade. 366.01 is the first level of resistance above 359, and by rule, any break above resistance is a buy signal. In this case, 366.01, 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 366.01, target 355.9, Stop Loss @ 366.86. Details

The technical summary data is suggesting a short of ANET if it tests 366.01 with a downside target of 355.9. We should have a stop loss in place at 366.86 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, 366.01, 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 August 22:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	316.31
P2	349.57	354.88	349.47
P3	355.9	366.01	380.39

AI Generated Signals for ANET

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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.