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Will Investors Notice Exciting Sign On Arista Networks's Chart?

Stock Markets Sep 27, 2022 16:40
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If history is any guide, there may be good fortune ahead for shares of Arista Networks (NYSE:ANET). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.

That just happened with Arista Networks, which is trading around $111.88 at publication time.

Remember: Seasoned investors don't blindly trade Golden Crosses.

Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible long positions.

With that in mind, take a look at Arista Networks's past and upcoming earnings expectations:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.91 0.81 0.73 0.68
EPS Actual 1.08 0.84 0.82 0.74
Revenue Estimate 975.92M 854.22M 789.10M 737.94M
Revenue Actual 1.05B 877.07M 824.46M 748.70M

Also consider this overview of Arista Networks analyst ratings:

Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Will Investors Notice Exciting Sign On Arista Networks's Chart?
 

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