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After Yesterday's Decline of 2.12%, Arista Networks Offers Investors Better Value

By David Diaz

Arista Networks (NYSE:ANET) traded in a range yesterday that spanned from a low of $173.66 to a high of $177.56. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $174.26 on volume of 216,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 12.4%. We continue to monitor ANET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Arista Networks have traded between a low of $60.51 and a high of $179.71 and are now at $174.76, which is 189% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.2%.

Keywords: rebounders arista networks

Ticker(s): ANET