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Bearish Moving Average Cross by Arista Networks (ANET)

By David Diaz

Arista Networks (NYSE:ANET) crossed under its 10-day moving average of $324.30 on a volume of 129K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Arista Networks share prices have moved between a 52-week high of $331.27 and a 52-week low of $187.08 and are now trading 72% above that low price at $321.71 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Arista Networks and will alert subscribers who have ANET in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses arista networks

Ticker(s): ANET