In a welcome move, Arista Networks saw its Relative Strength Rating rise from 68 to 73 on Tuesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest climbs. See if Arista Networks can continue to rebound and hit that benchmark.
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Arista Networks is trying to complete a cup without handle with a 140.91 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings News
In terms of fundamental health, Arista Networks has posted four quarters of increasing earnings growth. Revenue gains have also increased over the same time frame. The company is expected to release its next quarterly numbers on or around Feb. 13.
Arista Networks holds the No. 1 rank among its peers in the Computer-Networking industry group.
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