Arista Networks bounces 16.9% back to the highs
Arista Networks rallies 16.9% and closes in on its all-time high
Arista Networks bounces 16.9% back to the highs
Our view last week
Arista Networks is in week 2 of a new buy signal, but the confirmation week closed lower: the model reads this as weakness, and a dynamic stop has already tightened the protection. The setup quality indicator sits at 45 out of 100, signal strength at 59 out of 100, and the stock ranks 66th among the 125 US buy signals already running. Price is hugging recent highs, squeezed between a resistance and a support very close to each other.
This week's summary
The double bottom from two weeks ago held: this week Arista Networks bounced 16.9%, with 87% of daily volume on the buy side and money flow back in positive territory. Price is now within a whisker of its all-time high, boxed between the 7-day high resistance and the daily pivot average. The buy signal is in its third week and the dynamic stop already locks in most of the gain; the stock has already tested the highs once, so the disciplined move is to wait for a pullback before adding weight.
IQS Phase
72
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#75 / 129
US stocks in progress
Trade P&L %
+10.19%
from signal to today
restricted Platinum content