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Arista Networks: 52-Week High Recently Eclipsed (ANET)

By Nick Russo

Shares of Arista Networks (NYSE:ANET) traded at a new 52-week high today of $179.71. Approximately 100,000 shares have changed hands today, as compared to an average 30-day volume of 597,000 shares.

Arista Networks Inc. provides cloud networking solutions for data-centers and computer environments. The Company offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems. Arista also provides host adapter solutions and networking services and markets its products globally.

Based on a current price of $178.04, Arista Networks is currently 16.4% above its average consensus analyst price target of $148.78. The stock should discover initial support at its 200-day moving average (MA) of $68.06 and subsequent support at its 50-day MA of $63.35.

Over the past year, Arista Networks has traded in a range of $60.51 to $179.71 and is now at $178.04, 194% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Arista Networks on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $157.86. Since that recommendation, shares of Arista Networks have risen 12.7%. We continue to monitor ANET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows arista networks

Ticker(s): ANET