1
ANET stock is inside the rising parallel channel on the charts.
2
Buyers have attained momentum and are trying to reach $200.
Arista Networks Inc. (NYSE: ANET) ANET stock price is trading in an uptrend and persisted in gaining momentum in the volatile market. Moreover, the price action highlights the buying interest. Based on the technicals, ANET stock is expected to retest the channel highs of $200. However, bulls took a pause at the 20 day EMA and closed in red due to the weak global market sentiments in the last session. Amid the profit booking, ANET stock gave an opportunity for the investors to make fresh long positions, as the stock is trading in an uptrend and is about to break out above the swing hurdle of $200. If the price escapes the channel highs of $200, ANET would head toward $220.
Arista Networks Inc. (ANET stock) price is above the significant moving averages and is reflecting the buyers’ dominance. Moreover, the price action delivers
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