When (ANET) Moves Investors should Listen
September 02, 2024, 02:12 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ANET
- Buy ANET slightly over 352.69 target 383.52 stop loss @ 351.67 Details
The technical summary data tells us to buy ANET near 352.69 with an upside target of 383.52. This data also tells us to set a stop loss @ 351.67 to protect against excessive loss in case the stock begins to move against the trade. 352.69 is the first level of support below 353.38 , and by rule, any test of support is a buy signal. In this case, support 352.69 is being tested, a buy signal would exist.
- Short ANET slightly under 383.52, target 352.69, stop loss @ 384.63 Details
The technical summary data is suggesting a short of ANET as it gets near 383.52 with a downside target of 352.69. We should have a stop loss in place at 384.63though. 383.52 is the first level of resistance above 353.38, and by rule, any test of resistance is a short signal. In this case, if resistance 383.52 is being tested, a short signal would exist.
Swing Trading Plans for ANET
- Buy ANET slightly over 383.52, target n/a, Stop Loss @ 382.41 Details
If 383.52 begins to break higher, the technical summary data tells us to buy ANET just slightly over 383.52, with an upside target of n/a. The data also tells us to set a stop loss @ 382.41 in case the stock turns against the trade. 383.52 is the first level of resistance above 353.38, and by rule, any break above resistance is a buy signal. In this case, 383.52, 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 383.52, target 352.69, Stop Loss @ 384.63. Details
The technical summary data is suggesting a short of ANET if it tests 383.52 with a downside target of 352.69. We should have a stop loss in place at 384.63 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, 383.52, 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 383.52, target n/a, Stop Loss @ 382.63 Details
If 383.52 begins to break higher, the technical summary data tells us to buy ANET just slightly over 383.52, with an upside target of n/a. The data also tells us to set a stop loss @ 382.63 in case the stock turns against the trade. 383.52 is the first level of resistance above 353.38, and by rule, any break above resistance is a buy signal. In this case, 383.52, 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 383.52, target 352.69, Stop Loss @ 384.41. Details
The technical summary data is suggesting a short of ANET if it tests 383.52 with a downside target of 352.69. We should have a stop loss in place at 384.41 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, 383.52, 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 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
319.58 |
| P2 |
344.17 |
340.04 |
352.69 |
| P3 |
352.1 |
350.51 |
383.52 |
AI Generated Signals for ANET
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for ANET:
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