Learn to Evaluate (ANET) using the Charts

August 10, 2024, 02:06 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ANET

• Buy ANET slightly over 308.48 target 342.06 stop loss @ 307.59 Details

The technical summary data tells us to buy ANET near 308.48 with an upside target of 342.06. This data also tells us to set a stop loss @ 307.59 to protect against excessive loss in case the stock begins to move against the trade. 308.48 is the first level of support below 335.81 , and by rule, any test of support is a buy signal. In this case, support 308.48 would be being tested, so a buy signal would exist.

• Short ANET slightly under 342.06, target 308.48, stop loss @ 343.05 Details

The technical summary data is suggesting a short of ANET as it gets near 342.06 with a downside target of 308.48. We should have a stop loss in place at 343.05though. 342.06 is the first level of resistance above 335.81, and by rule, any test of resistance is a short signal. In this case, if resistance 342.06 is being tested, so a short signal would exist.

Swing Trading Plans for ANET

• Buy ANET slightly over 338.26, target 342.06, Stop Loss @ 337.28 Details

If 338.26 begins to break higher, the technical summary data tells us to buy ANET just slightly over 338.26, with an upside target of 342.06. The data also tells us to set a stop loss @ 337.28 in case the stock turns against the trade. 338.26 is the first level of resistance above 335.81, and by rule, any break above resistance is a buy signal. In this case, 338.26, 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 338.26, target 313.34, Stop Loss @ 339.24. Details

The technical summary data is suggesting a short of ANET if it tests 338.26 with a downside target of 313.34. We should have a stop loss in place at 339.24 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, 338.26, 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 336.72, target 338.26, Stop Loss @ 335.93 Details

If 336.72 begins to break higher, the technical summary data tells us to buy ANET just slightly over 336.72, with an upside target of 338.26. The data also tells us to set a stop loss @ 335.93 in case the stock turns against the trade. 336.72 is the first level of resistance above 335.81, and by rule, any break above resistance is a buy signal. In this case, 336.72, 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 336.72, target 325.41, Stop Loss @ 337.51. Details

The technical summary data is suggesting a short of ANET if it tests 336.72 with a downside target of 325.41. We should have a stop loss in place at 337.51 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, 336.72, 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 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	308.48
P2	325.41	313.34	342.06
P3	336.72	338.26	373.56

AI Generated Signals for ANET

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Arista Networks Inc. (NASDAQ: ANET) report below can help you understand how to do this. The trading plans for ANET, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.