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Arista Networks (ANET) Falls Further As It's Water-Logged And Getting Wetter

Trade-Ideas LLC identified Arista Networks ( ANET) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Arista Networks as such a stock due to the following factors:

  • ANET has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.4 million.
  • ANET has traded 811,989 shares today.
  • ANET traded in a range 265.4% of the normal price range with a price range of $5.35.
  • ANET traded below its daily resistance level (quality: 1 day, meaning that the stock is crossing a resistance level set by the last 1 calendar day. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a...


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