ANET - Breaking out of Prior Resistance
Updated
Arista Network has been a star.
I was unable to get in after earnings but got in today.
Earnings came in super strong and they also did share buyback recently. There was broad based growth in cloud, AI and enterprise business.
Today, the break out of 306 came in with decent volume.
My stop is below 300 and I personally believe this stock can do 2x from earnings.
We are looking at around 520-540 for my initial target.
Goodluck!
I was unable to get in after earnings but got in today.
Earnings came in super strong and they also did share buyback recently. There was broad based growth in cloud, AI and enterprise business.
Today, the break out of 306 came in with decent volume.
My stop is below 300 and I personally believe this stock can do 2x from earnings.
We are looking at around 520-540 for my initial target.
Goodluck!
Note
Nice retest of previous resistance yesterday.
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