$ANET is a clear leader, does still has room to go?
Arista Networks 
ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments.
According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to
IYZ, an ETF concentrated in telecommunications and ANET is leading the sector. IBD gives a Relative Strength Rating of 86 against the market.
So, the stock broke out of a large base in November of 2020 and at that moment its Price/Earnings Ratio was at 30 something. Then on the 2nd quarter broke out of a "cup and handle" and now is breaking out of a flag pattern; this is a very good continuation pattern. The thing is that its PE Ratio is nearing 50, so it has increased a lot since it broke out from its frist base. This could mean that it may not have a lot of room to go.
As for today, the buying volume is not above average so I would wait for more confrimation signals. Still is a stock to watch very closelly.
ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments. According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to
IYZ, an ETF concentrated in telecommunications and ANET is leading the sector. IBD gives a Relative Strength Rating of 86 against the market. So, the stock broke out of a large base in November of 2020 and at that moment its Price/Earnings Ratio was at 30 something. Then on the 2nd quarter broke out of a "cup and handle" and now is breaking out of a flag pattern; this is a very good continuation pattern. The thing is that its PE Ratio is nearing 50, so it has increased a lot since it broke out from its frist base. This could mean that it may not have a lot of room to go.
As for today, the buying volume is not above average so I would wait for more confrimation signals. Still is a stock to watch very closelly.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.