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Watch for Arista Networks to Potentially Rebound After Falling 5.35% Yesterday

Comtex SmarTrend(R) - Thu Sep 3, 12:14PM CDT

Arista Networks (NYSE:ANET) traded in a range yesterday that spanned from a low of $212.50 to a high of $224.96. Yesterday, the shares fell 5.4%, which took the trading range below the 3-day low of $219.80 on volume of 432,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Arista Networks share prices have moved between a 52-week high of $267.30 and a 52-week low of $156.63 and are now trading 38% above that low price at $215.46 per share. The 200-day and 50-day moving averages have moved 0.23% higher and 0.18% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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